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

By
News Desk
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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 30th 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.

Posted on: 2018-04-30T12:40:00+05:00

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