October 23, 2018 (MLN): Pakistan Tobacco Company (PAKT)’s bottom-line earnings for the nine month period ended September 30, 2018 have expanded by 37% or Rs.2.5 billion as compared to the corresponding period of prior year.
The company’s financial earnings for the period reveal that its net turnover soared by a decent margin of 30% while gross profits uplifted by 34% over the year.
Although, the company’s overall expenses grew by around Rs.1.1 billion while income tax expenses increased by Rs.1.7 billion, it still managed to pull up its total profits by a considerable amount.
The basic and diluted earnings per share have increased by Rs.9.94 per share, as they logged in at Rs.36.38 per share.
In addition to this, the board of directors of PAKT have recommended an interim cash dividend at Rs.10 per share (10%), in addition to the previously paid interim dividend at Rs.7 per share (70%).
Profit and Loss Account For the nine month period ended September 30th 2018 (Rs'000) |
|||
---|---|---|---|
|
Sep-18 |
Sep-17 |
% Change |
Gross turnover |
97,055,026 |
79,989,946 |
21.33% |
Excise duties |
(42,933,069) |
(37,710,695) |
13.85% |
Sales tax |
(14,815,401) |
(12,125,629) |
22.18% |
Net turnover |
39,306,556 |
30,153,622 |
30.35% |
Cost of Sales |
(19,651,793) |
(15,501,633) |
26.77% |
Gross Profit |
19,654,763 |
14,651,989 |
34.14% |
Selling and distribution expenses |
(2,885,819) |
(2,276,994) |
26.74% |
Administrative Expenses |
(1,736,846) |
(1,516,146) |
14.56% |
Other operating expenses |
(1,173,946) |
(880,097) |
33.39% |
Other operating income |
116,149 |
130,962 |
-11.31% |
Operating Profit |
13,974,301 |
10,109,714 |
38.23% |
Finance Income |
479,076 |
88,010 |
444.34% |
Finance cost |
(22,917) |
(50,397) |
-54.53% |
Net finance income |
456,159 |
37,613 |
1112.77% |
Profit before income tax |
14,430,460 |
10,147,327 |
42.21% |
Income tax expense |
(5,134,834) |
(3,392,294) |
51.37% |
Profit for the period |
9,295,626 |
6,755,033 |
37.61% |
Earnings per share – basic and diluted (Rupees) |
36.38 |
26.44 |
37.59% |
Copyright Mettis Link News
23821