July 23, 2019 (MLN): Pakistan Tobacco Company (PAKT) has observed a Rs.708 million increase in its half yearly net income which translates into a rise of 11% year-on-year and a net profit of around Rs.7 billion (EPS: Rs.27.61 per share).
The improvement in profit came about as a result of enhanced turnover (Rs.80.3 billion) and higher net finance income (Rs.538.6 million).
PAKT’s operating profits stood at Rs.9.6 billion and had improved by merely 2%, YoY.
|
||||||
|---|---|---|---|---|---|---|
|
|
Jun-19 |
Jun-18 |
% Change |
|||
|
Gross turnover |
80,270,183 |
63,778,352 |
25.86% |
|||
|
Excise duties |
(40,164,422) |
(27,756,811) |
44.70% |
|||
|
Sales tax |
(12,108,195) |
(9,752,135) |
24.16% |
|||
|
Net turnover |
27,997,566 |
26,269,406 |
6.58% |
|||
|
Cost of Sales |
(13,458,414) |
(13,053,773) |
3.10% |
|||
|
Gross Profit |
14,539,152 |
13,215,633 |
10.01% |
|||
|
Selling and distribution expenses |
(2,131,538) |
(1,879,581) |
13.40% |
|||
|
Administrative Expenses |
(1,673,156) |
(1,229,667) |
36.07% |
|||
|
Other expenses |
(1,218,601) |
(839,022) |
45.24% |
|||
|
Other income |
98,845 |
102,710 |
-3.76% |
|||
|
Operating Profit |
9,614,702 |
9,370,073 |
2.61% |
|||
|
Finance Income |
617,020 |
330,027 |
86.96% |
|||
|
Finance cost |
(78,387) |
(14,994) |
422.79% |
|||
|
Net finance income |
538,633 |
315,033 |
70.98% |
|||
|
Profit before income tax |
10,153,335 |
9,685,106 |
4.83% |
|||
|
Income tax expense |
(3,100,032) |
(3,340,595) |
-7.20% |
|||
|
Profit for the period |
7,053,303 |
6,344,511 |
11.17% |
|||
|
Earnings per share – basic and diluted (Rupees) |
27.61 |
24.83 |
11.20% |
|||
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