Pakistan Tobacco profit falls 18% to Rs. 6.7 billion

  • Pakistan Tobacco Net Turnover for the period decreased by 13%, amounting to a total of 80.65 billion Rupees during the Quarter ended September, 30th 2017
  • Company’s Gross Profit for the period decreased by 15%
  • The Profit after tax for the period decreased 18% reaching 6.7 billion compared to same year last year’s profit of 8.2 billion Rupees.
  • The company’s earnings per share reached 26.44 Rupees/Share
  • Pak Tobacco declared an Interim Cash Dividend for the Quarter ended 30th September 2017 at Rs.10 per share i.e. 100 %
Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Quarter Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Gross turnover

80,659,273

101,861,449

-20.81%

Excise duties

(37,710,695)

(50,959,358)

-26.00%

Sales tax

(12,125,629)

(15,308,555)

-20.79%

Net  turnover

30,822,949

35,593,536

-13.40%

Cost of sales

(15,501,633)

(17,596,079)

-11.90%

Gross profit

15,321,316

17,997,457

-14.87%

Selling and distribution Expenses

 

 

 

Expenses

(2,946,321)

(3,509,674)

-16.05%

Administrative expenses

(1,516,146)

(1,512,437)

0.25%

Other operating expenses

(880,097.00)

(954,947.00)

-7.84%

Other operating income

130,962

40,832

220.73%

 

(5,211,602)

(5,936,226)

-12.21%

Operating profit

10,109,714

12,061,231

-16.18%

Finance income

88,010

346,161

-74.58%

Finance cost

(50,397)

(36,773)

37.05%

Net finance (cost) / income

37,613

309,388

-87.84%

Profit before income tax

10,147,327

12,370,619

-17.97%

Income tax expense

(3,392,294)

(4,101,406)

-17.29%

Profit for the period

6,755,033

8,269,213

-18.31%

Earnings per share (Rupees)

26.44

32.36

-18.29%

Company release on Earnings Report can be accessed here.

Posted on: 2017-10-19T15:39:00+05:00