GLAXO's net profits improve remarkably by 52% on account of higher sales

MG News | March 19, 2019 at 10:29 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 19, 2019 (MLN): GlaxoSmithKline Consumer Healthcare Pakistan Limited (GSKCH) has announced net earnings of Rs. 1.07 billion for the year ended December 31, 2018, showing a 52% increase as compared to last year. The Earning per share of the company stood at Rs. 9.18, i.e. 24% higher than that if last year.

The remarkable progress in the net profits was a result of massive improvement in the company’s topline earnings, which grew by 79% to Rs. 14.8 billion.

Even though the company’s cost of sales almost doubled up over the year, the company still managed to report a positive gross profit margin.

Moreover, in spite of a major increase in the company’s financial charges, the net impact on the company’s final earnings of this change was insignificant.

The company also announced a final cash dividend of Rs. 5 per share, i.e. 50%, was announced in the aforementioned period.

Profit and loss account for the year ended December 31 2018 (Rupees'000)
	Dec-18	Dec-17	% Change
Sales	14,875,268	8,298,142	79.26%
Cost of Sales	-10,535,195	-5,196,906	102.72%
Gross Profit	4,340,073	3,101,236	39.95%
Selling, Marketing and distribution expenses	-2,376,943	-1,822,037	30.46%
Administrative expenses	-288,796	-192,969	49.66%
Other operating expenses	-127,198	-88,464	43.79%
Other Income	141,362	181,205	-21.99%
Operating Profit	1,688,498	1,178,971	43.22%
Financial Charges	-225,805	-8,134	2676.06%
Profit before taxation	1,462,693	1,170,837	24.93%
Taxation	-388,140	-464,023	-16.35%
Profit after taxation	1,074,553	706,814	52.03%
Earnings per share	9.18	7.39	24.22%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	174,429.93 266.16M	-0.97% -1703.64
ALLSHR	105,686.64 690.97M	-0.83% -882.18
KSE30	52,098.85 92.59M	-1.07% -565.05
KMI30	245,280.51 99.76M	-1.03% -2557.91
KMIALLSHR	67,681.60 339.32M	-0.84% -574.20
BKTi	49,745.96 31.42M	-0.99% -497.94
OGTi	34,431.76 6.26M	-0.55% -190.66

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,335.00	66,840.00 65,570.00	-185.00 -0.28%
BRENT CRUDE	93.40	95.47 91.31	2.39 2.63%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.75 -0.70%
ROTTERDAM COAL MONTHLY	119.65	0.00 0.00	-0.45 -0.37%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	86.29	88.61 84.44	1.95 2.31%
SUGAR #11 WORLD	14.73	14.94 14.67	-0.15 -1.01%