The profit after tax of Pakistan Tobacco Company has increased to Rs 1.153 billion in the nine month period ending September 30, 2012 as compared to Rs 1.010 billion earned in the corresponding period in 2011. The company’s earning per share has increased to Rs 4.51 in the period under review against Rs 3.96 in the same period last year.
The board of directors of the company in its meeting held on October 22, 2012 recommended a second interim dividend for the financial year ending December 31, 2012 at Rs 1.80 per share ie 18 percent. This is in addition to the first interim dividend already paid at Rs 1.25 per share, ie 12.5 percent.
According to the financial results sent to the Karachi Stock Exchange, the company’s net turnover increased to Rs 19.098 billion in the nine-month period this year against Rs 16.839 billion in the same period last year. The cost of sales increased to Rs 13.069 billion against Rs 12.295 billion. The company’s profit before taxation increased to Rs 1.770 billion in this period against Rs 1.537 billion in the same period last year.
On a quarterly basis, the company’s after tax profit increased to Rs 691.682 million translating into earning per share of Rs 2.71 in the quarter ended September 30, 2012 against after tax profit of Rs 432.349 million with per share earning of Rs 1.69 in the same quarter last year.