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.
|
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.
