Fakiha Tariq

Khyber Tobacco Company Limited (KHTC) posted massive increases of 331% and 1104% in its sales and gross profit in the first six months (July-December) of the fiscal year 2022-23 as compared to the same period of FY22, WealthPK reports. In 1HFY23, KHTC posted gross sales of Rs3 billion compared to sales of Rs708 million in 1HFY22. The gross profit surged to Rs1.1 billion in 1HFY23 from just Rs94 million in 1HFY22. The company also managed to recover from a net loss of Rs103 million in 1HFY22, and posted a net profit of Rs639 million in 1HFY23.

The company’s gross profit and net profit ratios were calculated at 37% and 20.93%, respectively, in the first six months of FY23. KHTC posted earnings per share of Rs110.77 in 1HFY23, marking a robust recovery from a loss per share of Rs21.47 million in 1HFY22.

Khyber Tobacco Company Limited is listed on the Pakistan Stock Exchange under the symbol of KHTC in the tobacco sector. With a market capitalisation of Rs2.2 billion, KHTC is the third and the smallest company in its sector. Quarterly analysis shows that KHTC enjoyed more profits in the first quarter (July-September) of FY23 than in the second quarter (October-December).

KHTC – 1QFY23 (July-Sept)

In the first quarter of FY23, KHTC’s sales increased by a staggering 612% and gross profit by 2045% compared to the same period of FY22. During this quarter, KHTC posted sales of Rs1.7 billion, a gross profit of Rs633 million and gross profit ratio of 35%.

The company posted a net profit of Rs405 million and a net profit ratio of 22.64% in 1QFY23. It reported an EPS of Rs84.36 in 1QFY23.

KHTC – 2QFY23 (Oct-Dec)

In the second quarter (October-December) of FY23, KHTC’s sales increased by 176% and gross profit by 676% compared to the same period of FY22. KHTC posted sales of Rs1.2 billion, a gross profit of Rs503 million and a gross profit ratio of 40% in 2QFY23.

The company posted a net profit of Rs273 million and a net profit ratio of 21.69% in 2QFY23. It posted an EPS of Rs47.43 in this quarter.

Credit: Independent News Pakistan-WealthPk