October 18, 2018 (MLN): Phillip Morris Pakistan’s bottom-line gains for the nine-month period ended September 30, 2018, have demonstrated an outstanding improvement when compared to profits made during the corresponding period of last year.
As per the company’s official financial earnings report, its net turnover recorded a noteworthy growth of 32.5% or Rs.2.7 billion while gross profits rose by Rs.1.6 billion.
Despite increments in overall expenses and taxation, the company still managed to bring about a rise of Rs.802 million in profits.
Phillip Morris further reported its earnings per share at Rs.7.18 per share
|
Financial Results for the nine months ended on September 30th 2018 ('000 Rupees) |
|||
|---|---|---|---|
|
|
Sep-18 |
Sep-17 |
% Change |
|
Turnover – net |
11,157,186 |
8,419,787 |
32.51% |
|
Cost of sales |
6,295,689 |
5,170,706 |
21.76% |
|
Gross profit |
4,861,497 |
3,249,081 |
49.63% |
|
Distribution and marketing expenses |
2,440,898 |
1,903,658 |
28.22% |
|
Administrative expenses |
992,166 |
968,761 |
2.42% |
|
Other expenses |
390,178 |
85,203 |
357.94% |
|
Other (loss)/income |
(156,044) |
(99,468) |
56.88% |
|
Operating profit |
1,194,299 |
390,927 |
205.50% |
|
Finance cost and bank charges |
15,982 |
82,720 |
-80.68% |
|
Profit before taxation |
1,178,317 |
308,207 |
282.31% |
|
Taxation |
296,894 |
228,915 |
29.70% |
|
Profit after taxation |
881,423 |
79,292 |
1011.62% |
|
Earnings per share – basic and diluted (Rupees) |
7.18 |
1.29 |
456.59% |
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