Earnings Report: Packages Ltd. (PSX: PKGS) today reported financial results for the three and six months ended June 30, 2017

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Packages Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period increased by 3 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 0.30 percent.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

 

Amounts in PKR ‘000

Local Sales

10,415,989

10,038,750

4%

Export Sales

11,376

13,348

-15%

Gross Sales

10,427,365

10,052,098

4%

Less: Sales tax and excise duty Commission

1,600,481

1,461,159

10%

Net Sales

8,826,884

8,590,939

3%

Cost of Sales

7,017,868

6,496,262

8%

Gross Profit

1,809,016

2,094,677

-14%

Admin: Expenses

543,846

450,029

21%

Dist: and Marketing Expenses

584,099

479,308

22%

Other expenses

266,479

298,883

-11%

Other income

106,186

137,740

-23%

Profit from Operations

520,778

1,004,197

-48%

Finance costs

226,462

281,563

-20%

Investment income

3,549,831

3,126,705

14%

Profit before Taxation

3,844,147

3,849,339

0%

Taxation

724,013

719,872

1%

Profit after Taxation

3,120,134

3,129,467

-0.30%

Basic EPS

34.41

35.15

-2%

Diluted EPS

32.63

30.54

7%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-21T15:14:00+05:00

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