Pakistan Tobacco profit falls 18% to Rs. 6.7 billion
By MG News | October 19, 2017 at 03:39 PM GMT+05:00
- 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 %
| 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.
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