Gillette Pakistan's cost-cutting turns losses into profits

Jun-18

Jun-17

% Change

Sales - net

                               1,828,717

                               1,834,575

-0.32%

Cost of goods sold

                            (1,233,559)

                            (1,506,003)

-18.09%

Gross profit

                                  595,158

                                  328,572

81.13%

Selling, marketing and distribution expenses

                                (336,221)

                                (302,272)

11.23%

Administrative expenses

                                  (29,132)

                                  (22,234)

31.02%

Other operating expenses

                                (107,217)

                                  (99,028)

8.27%

Interest expenses

                                     (8,679)

                                              -  

Bank charges

                                        (251)

                                           (17)

1376.47%

                                (481,500)

                                (423,551)

13.68%

Other income

                                       2,910

                                     11,562

-74.83%

(Loss)/profit before tax

                                  116,568

                                  (83,417)

Income tax expense

                                (112,246)

                                (110,045)

2.00%

Profit/(Loss) after tax

                                       4,322

                                (193,462)

Loss per share - basic and diluted (Rupees)

                                         0.23

                                     (10.08)