Packages Ltd's quarterly earnings take off by nearly 3 times

Mar-19

Mar-18

% Change

Net sales

                  14,657,396

                  13,404,607

9.35%

Cost of sales

                (12,550,729)

                (11,446,320)

9.65%

Gross profit

                     2,106,667

                     1,958,287

7.58%

Administrative expenses

                      (578,679)

                      (592,429)

-2.32%

Distribution and marketing costs

                      (756,757)

                      (600,068)

26.11%

Other expenses

                      (119,355)

                        (75,172)

58.78%

Other income

                           48,190

                           46,769

3.04%

Profit from operations

                        700,066

                        737,387

-5.06%

Finance cost

                      (771,660)

                      (428,171)

80.22%

Investment income

                     1,096,038

                                    -  

Share of profit/(loss) of investment accounted for using equity method- net of tax

                           (1,497)

                           29,440

Profit before taxation

                     1,022,947

                        338,656

202.06%

Taxation

                      (320,902)

                        (93,706)

242.46%

Profit for the period

                        702,045

                        244,950

186.61%

Basic earnings per share (Rupees)

                               7.50

                               1.93

288.60%