Wyeth Pakistan Ltd. announced Financial Results for the period ended June 30, 2017.
The company reported a decrease of 16% in Net Sales for the period ended June, 30 2017, whereas reported loss from continuing operations.
The company reported a Loss per share of Rs1.89.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 @ a rate of 300% amounting to Rs. 300/share. The board issued no bonus or right shares.
Comparison of Key Financials
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Unconsolidated Profit and Loss Account – For Nine Months Ended |
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|
Key Financials |
August, 2017 |
August, 2016 |
% Change |
|
Amounts in PKR ‘000 |
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|
CONTINUING OPERATIONS |
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|
Net Sales |
865,403 |
1,023,389 |
-15.44% |
|
Cost of Sales |
679,955 |
833,724 |
-18.44% |
|
Gross Profit |
185,448 |
189,665 |
-2.22% |
|
Selling, Marketing and Dist: Expenses |
132,552 |
121,080 |
9.47% |
|
Admin: Expenses |
63,767 |
53,291 |
19.66% |
|
Other Income |
13,475 |
12,441 |
8.31% |
|
Other Expenses |
269 |
2,499 |
-89.24% |
|
Finance Cost |
774 |
444 |
74.32% |
|
Profit/(Loss) before Taxation |
1,561 |
24,792 |
-93.70% |
|
Taxation |
4,250 |
20,940 |
-79.70% |
|
(Loss)/PAT from Continuing Operations |
(2,689) |
3,852 |
|
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DISCONTINUED OPERATIONS |
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Profit for the Period |
793,491 |
96,871 |
719.12% |
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EPS – Basic and diluted |
558.16 |
68.14 |
719.14% |
|
(Loss)/EPS per share – basic and diluted – Continuing Operations |
(1.89) |
(2.71) |
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Company release on Earnings Report can be accessed here.
