Philip Morris (Pakistan) ltd. profit for 9MFY17 falls 88% to Rs. 79 million
MG News | October 27, 2017 at 11:02 AM GMT+05:00
- Philip Morris (Pakistan) ltd. turnover – net for the period decreased by 23%, amounting to a total of 8.41 billion Rupees during the Quarter ended September, 30th 2017
- Company’s Gross Profit for the period decreased by 34%
- The Profit after tax for the period decreased 88% reaching 79 million against last year’s nine month profits of Rs. 659 million
- The company’s basic earnings per share reached rupees 1.29 against 10.21 rupees in 2016
| Unconsolidated Profit and Loss Account - For the Nine Months Ended, September 30th 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Turnover - net | 8,419,787 | 10,908,609 | -22.82% |
| Cost of Sales | 5,170,706 | 6,013,088 | -14.01% |
| Gross Profit | 3,249,081 | 4,895,521 | -33.63% |
| Distribution and Marketing Expenses | 1,903,658 | 2,158,145 | -11.79% |
| Administrative Expenses | 968,761 | 1,010,860 | -4.16% |
| Other expenses | 85,203 | 756,041 | -88.73% |
| Other income | 99,468 | 94,933 | 4.78% |
| Operating Profit/(loss) | 390,927 | 1,665,408 | -76.53% |
| Finance cost and bank charges | 82,720 | 346,554 | -76.13% |
| Profit/(loss) before taxation | 308,207 | 1,318,854 | -76.63% |
| Taxation | 228,915 | 659,578 | -65.29% |
| Profit/(loss) after taxation | 79,292 | 659,276 | -87.97% |
| Earnings/(loss) - basic | 1.29 | 10.21 | -87.37% |
| Earnings/(loss) - diluted | 1.21 | 10.12 | -88.04% |
Company release on Earnings Report can be accessed here.
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