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.
