Profit after tax of Colgate Palmolive increases

RECORDER REPORT

KARACHI: The profit after tax of Colgate Palmolive (Pakistan) Limited has increased to Rs 1.619 billion in the year ended June 30, 2012 as compared to Rs 1.167 billion earned in the same period in 2011.  The company’s earning per share increased to Rs 44.58 in the period under review against Rs 32.13 in the same period last year.

The board of directors of the company in its meeting held on Monday recommended a final cash dividend for the year ended June 30, 2012 at Rs 14 per share, i.e. 140 percent.  According to the financial results sent to Karachi Stock Exchange, the company’s turnover increased to Rs 23.327 billion in this period against Rs 18.132 billion in the same period last year. The company paid Rs 3.464 billion as sales tax in this period against Rs 2.778 billion paid in the same account last year.  The company’s cost of sales increased to Rs 13.298 billion in this period against Rs 9.989 billion in the same period last year. The selling and distribution costs increased to Rs 2.825 billion against Rs 2.115 billion.  The company’s profit before taxation increased to Rs 2.240 billion in FY12 against Rs 1.784 billion in FY11.