Profit after tax of Wyeth Pakistan increases

KARACHI: The profit after tax of Wyeth Pakistan Limited has increased to Rs 141.537 million in the nine month period ended August 31, 2011 as compared to Rs 9.274 million earned in the corresponding period in 2010.The board of directors of the company in its meeting held here on Thursday declared that the company’s earning per share has increased to Rs 99.56 in the period under review against Rs 6.52 in the same period last year.

According to the financial results sent to Karachi Stock Exchange, the company’s net sales increased to Rs 2.322 billion in the nine-month period this year against Rs 1.718 billion in the same period last year. The cost of sales increased to Rs 1.718 billion against Rs 1.333 billion. The company’s profit before taxation increased to Rs 243.554 million in the nine-month period against Rs 35.356 million in the same period last year.

On quarterly basis, the company’s profit after tax increased to Rs 61.886 million translating earning per share at Rs 43.53 in the quarter ended August 31, 2011 against after tax profit of Rs 16.384 million with per share earning of Rs 11.52 in the same quarter last year.

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