KARACHI: Pakistan Tobacco Company (PTC) has posted an after-tax profit of Rs4.7 billion and Rs18.5 per share for six months of 2015, increasing its bottom line by two-thirds compared to Rs2.8 billion or Rs11 per share in the corresponding period of last year.
As per the company’s financial results, PTC earned over Rs1 million per hour in net profit during first half of fiscal year ended June 30, 2015.
The Pakistani subsidiary of British American Tobacco Company, which pays more in taxes to the government than what is paid by the entire salaried class combined, contributed Rs49 billion – also its highest ever – to the national exchequer in the form of duties and taxes for the period under review. This is a 17% increase over the same period of previous year.
Pakistan’s largest tobacco manufacturer, which accounts for more than half the market, saw its net sales increase by 23% to Rs24.6 billion during the period under review compared to Rs20 billion in the first six months of 2014.
