Packages Limited has posted Rs 1,024.398 million as profit after tax in the quarter ended September 30, 2016 as compared to Rs 874.249 million earned in the corresponding quarter in 2015. The board of directors of the company in its meeting held at Lahore declared that the company's basic earning per share has surged to Rs 11.49 (diluted Rs 10.04) in the period under review against Rs 9.94 (diluted Rs 8.89) in the same period last year.
According to the financial results, the company's local sales increased to Rs 4.872 billion in this quarter against Rs 4.334 billion in the same quarter last year. The company's exports stood at Rs 6.356 million against Rs 8.354 million. After paying sales tax, duties and commission, the company's net sales stood at Rs 4.127 billion in this quarter against Rs 3.710 billion in the same quarter last year while cost of sales increased to Rs 3.257 billion against Rs 2.982 billion. The company's profit before taxation stood at Rs 1.157 billion in this quarter against Rs 1.185 billion in the same quarter last year. In the nine month period ended September 30, 2016, the company's profit after tax increased to Rs 4.406 billion against Rs 3.029 billion earned in the corresponding period last year.
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