Colgate Palmolive profit after tax rises 16pc YoY

Karachi: In a notification sent to the Pakistan Stock Exchange on Thursday, Colgate Palmolive Pakistan (CPP) has announced its financial results for the year ended June 30th, 2017.

It reported a profit after tax of Rs3.256b for 2017, registering a year on year (YoY) growth of 16pc from last year when it was recorded at Rs2.818b. Sales went up by 14pc YoY reaching Rs29.336b during FY 17 in comparison to last year’s Rs25.817b.

CPPs earning per share also rose 16pc YoY to reach Rs67.91 in comparison to last year when it was recorded at Rs58.78. Its total turnover was recorded at Rs37.498b during 2017 rising 11.63pc from last year when it was documented at Rs33.135b.

The company also announced a final dividend of Rs20 per share for the year ended June 30th. At the time of filing this report, CPPs shares were trading at Rs2300.0  on the stock exchange, registering a decline of 0.22pc.

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