LAHORE: The Pakistan Tobacco Company has announced its results for the year 2015, declaring net turnover of Rs 42.91 billion, after tax profit of Rs 7.05 billion and earnings per share of Rs 27.58.
The company contributed Rs 86.47 billion to the government exchequer in the form of duties and taxes, which is a 17 percent increase over last year, said a statement issued here. Driven by increase in excise rates, PTC took above-inflation portfolio wide price increase in June 2015.
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This has widened the price gap due to illegal cigarettes but the legitimate industry has reported a decline in volumes last year.
However, despite a tough regulatory environment and mounting socio-economic pressures, PTC has managed to deliver good results owing to its organizational effectiveness.
The company’s success can be attributed to investments in operational capability, both in manufacturing and distribution, an increased focus on cost effectiveness and the development of human capital.
