Fakiha Tariq

Colgate-Palmolive Pakistan Limited (COLG) earned a revenue of Rs54 billion during the first half (July-Dec) of the fiscal year 2022-23, 43% higher than what the company achieved in the same period of the last fiscal year, reports WealthPK. The company reported gross profit and net profit ratio of 19.91% and 7.71%, respectively, during 1HFY23.

On the basis of market capitalisation, Colgate-Palmolive Pakistan Limited, listed on the Pakistan Stock Exchange with the symbol of COLG, is the largest company listed in the chemicals sector. COLG has a market capitalisation of Rs169.9 billion. The company netted a revenue of Rs38 billion in the 1HFY22. In 1HFY23, COLG’s gross profit value increased to Rs10 billion from Rs7.7 billion in 1HFY22, posting a growth of 40% year-on-year.

COLG reported a net profit increase of 44% in IHFY23 as its profit value increased to Rs4.2 billion from Rs2.9 billion in 1HFY22. The earning per share (EPS) value also jumped 44% year-on-year as the EPS cranked up to Rs50. 37 in IHFY23 from Rs35.07 in 1HFY22.

COLG Profitability –Quarterly Analysis – FY23

During the second quarter (Oct-Dec) of fiscal 2022-23, COLG reported a gross sales increase of 15% compared to the first quarter (July-Sept) FY23. The revenue earned in 1QFY23 stood at Rs25 billion, which moved up to Rs29 billion in 2QFY23. The gross profit ratio elevated from 18.65% in 1QFY23 to 21.02% in 2QFY23. The gross profit increased by 29% on a quarterly basis.

The net profit value also rose 46% quarter-on-quarter from Rs1.7 billion in 1QFY23 to Rs2.4 billion in 2QFY23. COLG also saw an increase of 46% in its EPS value in 2QFY23. The EPS rose from Rs20.52 in 1QFY23 to Rs29.86 in 2QFY23.

Credit: Independent News Pakistan-WealthPk