Bata Pakistan Limited reported a marginal growth of 0.8% in half-yearly profits during the half year period ended on June 30 2018.
In their Board of Directors meeting held on August 30, 2018, the company discussed the financial earnings for the above said period. As compared to the half year ended on June 30th 2017, Bata’s sales witnessed a rise of 6% and gross profits went up by 10%.
Since the distribution cost increased by 9.6%, operating expenses rose by 10.6%.
The company’s operating profits logged in at 6.4%, while tax provisions increased by 17%.
Bata’s overall half-yearly profits went up from Rs.707.3 million to Rs.712.9 million on a year-on-year basis. Other than this, earnings per share increased from Rs.93.56 per share to Rs94.3 per share.
