Gillette Pakistan : Transmission of Quarterly Report for period ended March 31, 2023
April 28, 2023 at 05:47 am EDT
Share
NINE MONTHS
Gillette Pakistan Limited
ACCOUNTS
MARCH 31,2023
CONTENTS
Corporate Information
02
Directors' Report
03
Condensed Interim Statement of Financial Position
05
Condensed Interim Profit and Loss Account and other Comprehensive Income
06
Condensed Interim Statement of Changes in Equity
07
Condensed Interim Cash Flow Statement
08
Notes to the Condensed Interim Financial Statement
09
1
NINE MONTHS
Gillette Pakistan Limited
ACCOUNTS
MARCH 31, 2023
Muhammad Fahad Saleem
Ovais Ather Yousuf
Muhammad Usman
Zeeshan Aamir
Syed Jawaid Iqbal
Zara Nadeem Ali
Saad Amarullah Khan
Syed Jawaid Iqbal
Muhammad Fahad Saleem
Zeeshan Aamir
Tabish Jaleel Shaikh
Syed Jawaid Iqbal
Ovais Ather Yousuf
Muhammad Fahad Saleem
Ovais Ather Yousuf
Abdullah Saleh
Azeem Rashid
2
NINE MONTHS
Gillette Pakistan Limited
ACCOUNTS
MARCH 31, 2023
DIRECTORS REPORT
For the nine months period ended Mar 31, 2023
On behalf of the Board of Directors of Gillette Pakistan Limited ('the Company'), we are pleased to present the un-audited financial statements of the Company for the nine months ended Mar 31, 2023. The summary of the financial results are as follows:
For the Nine Months Ended
March 31, 2023
March 31, 2022
Revenue from contract with customers
PKR in '000'
2,613,212
1,940,544
Gross Profit
PKR in '000'
1,385,449
480,357
GP
%
53.0%
24.8%
Profit before tax
PKR in '000'
230,615
120,681
Profit before tax
%
8.8%
6.2%
Profit after tax
PKR in '000'
112,614
19,878
Profit after tax
%
4.3%
1.0%
Earnings per share
PKR
3.53
0.62
Company was able to close nine months results with strong growth momentum where revenue grew by 35 % vs same period year ago. This is behind smart pricing and better sales mix. However, bottom line profit was only increased by 2.61% vs year ago due to all time high devaluation and commodity inflation. Management expects continued growth in revenue. It also foresees several challenges due to high cost of doing business and macroeconomic headwinds which might impact profitability. However, management will ensure to remain competitive.
The structure of the Board and Committees:
Board of Directors:
Audit Committee:
Muhammad Fahad Saleem
Chairman
Syed Jawaid Iqbal
Chairman
Ovais Ather Yousuf
CEO
Muhammad Fahad Saleem
Member
Muhammad Usman
Director
Zeeshan Aamir
Member
Zeeshan Aamir
Director
Zara Nadeem Ali
Director
HR & Remuneration Committee:
Syed Jawaid Iqbal
Independent Director
Syed Jawaid Iqbal
Chairman
Saad Amanullah Khan
Independent Director
Muhammad Fahad Saleem
Member
Ovais Ather Yousuf
Member
On behalf of the Board of Directors, we would like to express appreciation to our Shareholders for their absolute confidence, our valued Customers for their un-paralleled reliance in Company's illustrious product line and the Regulators and other stakeholders for their understanding and support.
On behalf of the Board,
Ovais Ather Yousuf
Muhammad Fahad Saleem
Chief Executive Officer
Director
April 26, 2023
Karachi
3
NINE MONTHS
Gillette Pakistan Limited
ACCOUNTS
MARCH 31, 2023
For the Nine MonthsEnded
MARCH
MARCH
31, 2022
31, 2023
1,940,544
2,613,212
PKR in '000
480,357
1,385,449
PKR in '000
24.8%
53.0%
%
120,681
230,615
PKR in '000
6.2%
8.8%
%
19,878
112,614
PKR in '000
1.0%
4.3%
%
0.62
3.53
PKR
26
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Gillette Pakistan Ltd. published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 09:46:15 UTC.
Gillette Pakistan Limited is a Pakistan-based company, which is engaged in marketing and selling blades and razors. The Companyâs products include Starter Kits, GilletteLabs, Gillette INTIMATE, Razors and Trimmers, Blade Refills, Beard Care and Body, Shave Sets and Gifts and Accessories. Its Heated Razor Starter Kit includes Heated Razor, 2x GilletteLabs blades, and charging station. The GilletteLabs include Heated Razor Charging Case, GilletteLabs Exfoliating Bar Razor, Heated Razor Starter Kit by GilletteLabs and others. Its portfolio of men's razors, blades, and trimmers is designed with advanced technology for a comfortable shave. The Shave Sets include Gillette INTIMATE Essentials Kit, Gillette INTIMATE Shaving Kit and others.