Karachi October 26 2021: On a consolidated basis Net Turnover for the quarter under review was PKR 21,468 million which was 48 percent higher than the same period last year (SPLY). The Operating Profit at PKR 3,062 million was higher by 110 percent in comparison to the SPLY.
Consolidated financials include the results of the Company's subsidiaries ICI Pakistan PowerGen Limited, NutriCo Pakistan (Private) Limited and NutriCo Morinaga (Private) Limited.
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Telecard Subsidiary Supernet secured contract of Big Bank of Pakistan
On a consolidated basis, Profit After Tax (PAT) for the quarter under review at PKR 3,735 million was 322 percent higher than the SPLY, whereas, Earnings Per Share (EPS) attributable to the owners of the holding company at PKR 39.00 was 266 percent higher than the SPLY. The improved performance was achieved on account of enhanced efficiencies delivered by the businesses, recovering consumer demand, consolidation of results of NutriCo Pakistan (Private) Limited, and a one-off net positive impact of PKR 1,847 million resulting from the remeasurement of previously held equity interest of NutriCo Pakistan (Private) Limited.
Adjusting for the one-off gain of PKR 1,847 million due to the re-measurement of previously held equity interest, as explained above, PAT for the period under review would have been PKR 1,888 million, 113 percent higher versus the SPLY and EPS attributable to the owners of the holding company would have been PKR 19.00, higher by 78 percent as compared to the SPLY.
On a standalone basis, PAT for the quarter at PKR 1,547 million and EPS at PKR 16.75 was 66 percent higher than the SPLY.