August 27, 2019 (MLN): Packages Limited (PKGS) announced their 6 Month result for the period ending Jun 30, 2019
The company declared a Profit After tax of Rs.1.25 billion which is 39.88 percent lower than the corresponding period from last year.
The company witnessed around 10 percent increase in its net sales, which after combining with change in COGS resulted in 20 percent increase in gross profit.
The biggest setback came in the form of non-core expenses, as they jumped by almost 268 percent.
On top of that, the company’s finance cost further dragged down the net income as it increased by 115%.
This translates into an EPS of 14 compared to the previous EPS of 22.36.
|Cost of Sales||-9,022,638||-8,347,980||8.08|
|Distribution and marketing cost||-762,549||-571,372||33.46|
|Profit before taxation||1,601,030||2,608,280||-38.62|
|Profit after taxation||1,251,002||2,080,694||-39.88|
|Basic earnings per share (Rupees)||14||22.36||-37.39|
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