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
Comparison of Key Financials
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.
