Pakistan Tobacco Company Limited, the largest tobacco manufacturer in Pakistan, has released financial results as of December 31, 2022. 13.5% more than Rs 21.3 billion,18.8 billion in 21 Cypriot dollars.
The company’s net sales increased to 50,000,000,000,000 rubles. It is 232.6 billion won, up 88.4% from the previous year 199.46 billion in the same period last year.
The firm paid around Rs. 103 billion in excise duties with around Rs. 34 billion in sales tax.
Gross sales of the firm standing at Rs. 94.8 billion in CY22, up by 26.5% YoY, as compared to Rs. 74.9 billion in the same period previous year.
The firm posted a net profit of Rs. 45.1 billion during the period, against Rs. 35.9 billion last year.
Pakistan Tobacco Company’s financial cost jumped by 19.5% from Rs. 274.3 million to Rs. 327.7 million during the period in review.
However, the other income of the firm declined by 8.3% YoY in CY22 to Rs. 663.8 million compared to Rs. 724.1 million in CY21.
The firm’s administrative expenses resulted a minor increase from Rs. 3.9 billion to Rs. 4 billion during the period in review. Whereas, the other operating expenses recorded Rs. 3.3 billion, up by 55% from Rs. 2.13 billion in CY21.
The company paid Rs. 13.4 billion in income tax during the period, 82.6% more than the Rs. 7.3 billion paid the previous year.
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