Pakistan Tobacco Company Limited profits rise by 140.87 percent to Rs. 3.650 billion

By MG News | April 30, 2018 at 12:40 PM GMT+05:00

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Pakistan Tobacco Company Limited (PAKT) today announced financial results for the three months period ending 31 March, 2018 reporting Gross Turnover at Rs. 31.816 billion; up 44.85 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 7.030 billion from Rs. 3.754 billion last year during the outgoing three months.

On the expenses front, PAKT reported 33.24 percent increase in Selling and Distribution Expenses, 51.04 percent increase in Administrative Expenses, whereas, Other Operating Expenses incurred by the company went down by 42.09 percent during the period.

Furthermore, PAKT also reported a 806.51 percent increase in Other Income reaching Rs. 24.376 million during the three months.

Pakistan Tobacco Company Limited reported profit after taxation at Rs. 3.650 billion against Rs. 1.515 billion during the same period last year translating into an EPS of Rs. 14.29 vs. an EPS of Rs. 5.93 during the three months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR’ 000
Gross Turnover	31,816,098	21,965,149	44.85%
Excise Duties	13,594,472	11,406,849	19.18%
Sales Tax	4,855,733	3,262,644	48.83%
Net Turnover	13,365,893	7,295,656	83.20%
Cost of Sales	6,335,370	3,541,570	78.89%
Gross Profit	7,030,523	3,754,086	87.28%
Selling and Distribution Expenses	876,761	658,042	33.24%
Administrative Expenses	646,172	427,809	51.04%
Other Operating Expenses	472,007	815,046	-42.09%
Other Income	24,376	2,689	806.51%
Operating Profit	5,059,959	1,855,878	172.65%
Finance Income	156,150	20,562	659.41%
Finance Cost	7,765	11,396	-31.86%
Net Finance Income	148,385	9,166	1518.86%
Profit before Income Tax	5,208,344	1,865,044	179.26%
Income Tax Expense	1,558,217	349,638	345.67%
Profit for the Period	3,650,127	1,515,406	140.87%
EPS	14.29	5.93	140.98%

Company release on Earnings Report can be accessed here.

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