Author Topic: PAKT -- Pak Tobacco  (Read 6118 times)

0 Members and 1 Guest are viewing this topic.

Toshi

  • Guest
PAKT -- Pak Tobacco
« Reply #-1 on: October 10, 2008, 03:24:04 PM »
All About Pak Tobacco

Pakinvestorsguide

PAKT -- Pak Tobacco
« Reply #-1 on: October 10, 2008, 03:24:04 PM »

Toshi

  • Guest
Re: PAKT -- Pak Tobacco
« on: November 30, 2009, 12:10:35 PM »
Pakistan Tobacco Company Limited was incorporated in 1947 immediately after partition, when it took over the business of the Imperial Tobacco Company of India which had been operational in the subcontinent since 1905.
Pakistan Tobacco Company Limited is part of British American Tobacco, the world's most international tobacco group, with brands sold in 180 markets around the world.
PAKT operations in Pakistan began in 1947, making it one of Pakistan's first foreign investments. PAKT produce high quality tobacco products to meet the diverse preferences of millions of consumers, and it work in all areas of the business from crop to consumer.

PAKT is committed to providing consumers with excellent products and to demonstrating that they are meeting their commercial goals in the manner expected of a responsible tobacco group in the 21st century.
« Last Edit: November 30, 2009, 12:12:58 PM by Toshi »

Offline Mr.TOOL

  • MY SERVICES ARE FREE FOR ALL.
  • Junior Member
  • **
  • Posts: 233
  • Thanks Received: 2
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #1 on: March 12, 2010, 09:55:10 PM »
TRUST IN GOD AND DO THE RIGHT.

Offline Mr.TOOL

  • MY SERVICES ARE FREE FOR ALL.
  • Junior Member
  • **
  • Posts: 233
  • Thanks Received: 2
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #2 on: March 12, 2010, 09:55:52 PM »
TRUST IN GOD AND DO THE RIGHT.

Offline SBM

  • Master Troll
  • Administrator
  • Senior Member
  • *****
  • Posts: 11082
  • Thanks Received: 100
  • Ouulman :)
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #3 on: August 15, 2013, 03:45:21 PM »
I hate waking up.

Offline MZ

  • Research
  • Senior Member
  • *****
  • Posts: 8761
  • Thanks Received: 33
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #4 on: October 02, 2013, 03:47:58 PM »

Offline MZ

  • Research
  • Senior Member
  • *****
  • Posts: 8761
  • Thanks Received: 33
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #5 on: October 23, 2013, 03:42:59 PM »

Offline MZ

  • Research
  • Senior Member
  • *****
  • Posts: 8761
  • Thanks Received: 33
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #6 on: October 24, 2013, 04:56:40 AM »
Corporate results: Pakistan Tobacco earnings soar 134% in Jan-Sept period

KARACHI: Pakistan Tobacco Company (PTC), despite a slow third quarter growth, more than doubled its profit and increased revenues by nearly a fifth for the nine-month period that ended on September 30, 2013, according to the company’s financial results released on Wednesday.
A subsidiary of British American Tobacco and the largest tobacco manufacturer in the country, PTC earned more than Rs10 million a day in profit during the first nine months of 2013.
The company’s profit for the period increased 134% to Rs2.7 billion or Rs10.57 per share compared to Rs1.1 billion or Rs4.51 per share in the corresponding period of 2012.

The manufacturer of Benson & Hedges and John Player Gold Leaf – the company’s high-end market brands – reported Rs22.7 billion in revenues for the nine-month period, an increase of 19% compared with Rs19 billion earned in the same period last year.
The tobacco giant has paid Rs1.4 billion income tax for the nine months, a 115% increase from Rs653 million it paid to the national exchequer in the corresponding period of 2012. This is in addition to the Rs34 billion it paid as excise duty during the period.
As opposed to the nine-month results, which were impressive, the company’s quarterly performance showed that it didn’t have a good third quarter this year.
PTC earned Rs610 million or Rs2.39 per share during the quarter ended September 30, 2013, a decline of 12% compared with Rs691 million or Rs2.71 per share in the corresponding period of 2012. Revenues for the quarter increased 11% to Rs6.5 billion compared with Rs5.8 billion in the same quarter last year.
The tax levied on retail price of each packet of cigarettes ranges from 68.5% to 81%, indicating that the tobacco industry is taxed at the highest rate.
There were hardly any analysts available to comment on the company’s results. PTC is not a liquid stock, thus it doesn’t create interest among majority of analysts covering the Karachi bourse.
Earlier, PTC had an impressive first half, posting a 353% increase in profit and 23% increase in revenues. The abnormal gains were a result of the rise in core profitability and other income, Khurram Shehzad, Head of Research at Arif Habib Corporation then told The Express Tribune.
By contrast, PTC’s core profitability for the quarter ended September 2013 was 9.3%, down from 11.6% in the same quarter last year. Other income for the quarter also dropped to Rs13 million compared with Rs24 million of the same quarter last year.
On the other hand, core profitability increased from 6% during the first nine months of 2012 to 12% for the same period this year. Similarly, other income for the nine-month period of 2013 increased to Rs118 million, up from Rs51 million in the corresponding period of 2012.
Published in The Express Tribune, October 24th, 2013.

Offline tariqaziz

  • Active Member
  • ***
  • Posts: 584
  • Thanks Received: 0
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #7 on: December 23, 2013, 12:47:33 PM »
laoooooo malllllllllllllllll pakistan tobacco uper cap 524.21   :dance

Offline faisalkhan

  • New Member
  • *
  • Posts: 54
  • Thanks Received: 0
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #8 on: December 29, 2013, 05:46:18 PM »
600 on the cards in a week ?

 :clap1:

Offline aalam

  • Active Member
  • ***
  • Posts: 682
  • Thanks Received: 4
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #9 on: December 29, 2013, 06:16:23 PM »
ab kya shak reh gya hay.............. uuu
short list:ATRL,Engro,Efoods,DGKC

Offline aalam

  • Active Member
  • ***
  • Posts: 682
  • Thanks Received: 4
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #10 on: January 10, 2014, 07:27:24 PM »
uffffffffffff.....kya blaaaaaaaa hay ye......feb 2012 me 46 aur aaj 763..........what a gain :ohmy:
short list:ATRL,Engro,Efoods,DGKC

Offline tahirdxb

  • Active Member
  • ***
  • Posts: 790
  • Thanks Received: 4
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #11 on: February 12, 2014, 01:52:27 PM »
PAKT   Tue, Feb 18 2014   14:00      Annual Accounts 13.
TOP PICKS--> ABOT, BOP, BYCO,  DLL, EPCL, FFC, IGIBL, JSCL, NML, SPL, QUICE, RCML, SSML,

Offline MZ

  • Research
  • Senior Member
  • *****
  • Posts: 8761
  • Thanks Received: 33
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #12 on: March 12, 2014, 06:39:20 PM »
Pakistan Tobacco Company (PAKT) is an associate of a leading global tobacco group, the British American Tobacco Company (BATC), which has a legacy spreading over more than 100 years. The BATC has presence in more than 180 countries and is known for its high quality tobacco brands.

From crops to commercialisation, the company is involved in every aspect of the cigarette manufacturing. The product portfolio of PAKT is well-diversified. It has different varieties to offer to a wide range of smokers, from low-price to premium quality, high-priced cigarettes.

British American Tobacco Company started its operations here back in 1947 and is the first multinational to lay its foot on Pakistan. In 67 years since, it has grown from a company operating with a warehouse near Karachi Port to having two state-of-the-art facilities employing more than 1,700 employees today.

PAKT has products that cater to all markets and all consumer choices from low-income to prestige brands. It has six different brands to offer its consumers, Dunhill and Benson and Hedges are the premium quality brands. They were re-launched in Pakistan in the 2000's, and have since been performing well.

John Player Gold Leaf, the largest urban brand in Pakistan, is the most familiar brand. In the low range segment, Pakistan Tobacco Company offers Capstan by Pall Mall (CbPMO), Embassy and Gold Flake. Embassy is the leading volume brand, and the most popular brand in Punjab. It's locally tailor-made taste has enabled it to achieve high brand loyalty.

ANNUAL HIGHLIGHTS Even though the government undertook some significant crackdown drives during 2013, the year did not see any drastic change in the enforcement environment as the consumers continued to be attracted towards the cheaper, duty-evaded brands. Altogether, the legitimate tobacco industry has lost over Rs 80 billion to illicit trade during the last five years.

PAKT dominates with a significant market share in the industry. During CY13, the company's brands seemed to perform well against the competition. Net turnover increased by about 18 percent to reach Rs 30.6 billion in CY13. It seems that the industry registered sales growth in the last year in part due to speculative buying, and in part due to the price-hike following the government's FY14 budgetary increase in sales tax and excise duty.

The company had sold 40.6 billion cigarette sticks back in CY12. So while the CY13 volume figures are not available yet (PAKT is yet to release its 2013 annual report), one can assume that there would have been considerable growth in sales volume, as the company's gross turnover (a more accurate indication of sales volume) had grown by 19 percent year on year in CY13.

PAKT continues to face cost pressures. That was visible in an increase in cost of sales, which grew by 15 percent year on year in CY13. The growth could be attributed to inflation and higher sales volume. The company has multiple cost savings and productivity initiatives aimed at rationalising the cost base. As this growth was proportionately lower than the top line growth, the gross profit margin jumped to 34.6 percent in CY13, compared to 32.6 percent the previous year.

Meanwhile, PAKT's selling and distribution expenses increased by 14 percent, while the administrative expenses jumped by 24 percent. But the overall financials remained positive. Not only did 'other operating expenses' decline by 56 percent year on year, the 'other operating income' also offer support through its 43 percent growth during the year.

Thanks to healthy top line growth and reasonable increase in costs, the tobacco giant firmed up its profit margins in CY13. PAKT eventually closed CY13 with a massive 81 percent increase in its net profits, which reached Rs 3.12 billion. That threw up a net margin of 10.2 percent and an EPS of 12.23 rupees per share.

OUTLOOK Rising awareness among the masses, rising cost base, down-trading, the law-and-order situation and narrow product margins are expected to affect the volumetric sales of tobacco over CY14. In order to fill the shortfall in its revenue, the Federal Government is also expected to raise the federal excise tariff on cigarettes.

PAKT operates in a favourable demographic, is the market leader and the largest player. However, its improved margins are under threat from illegal cigarette market and cigarette smuggling from neighbouring countries like Iran and Afghanistan. It is said that nearly a quarter of cigarettes available in the market are sourced from illegal channels. That not only hurts legitimate tobacco industry, but also dents government's tax revenues to an extent. This trend is a market distorter and must be dealt with by the government through laws as well as enforcement drives.

==============================
Pakistan Tobacco Company
======================================================================CY10     CY11     CY12     CY13
======================================================================
Profitability
----------------------------------------------------------------------
Gross Profit ratio        %           10.31     9.20    32.63    34.60
Net Profit Margin         %            1.54     0.54     6.68    10.20
Return on Assets*         %            7.52     2.84    12.75    18.40
Return on Equity*         %           25.68    10.91    42.08    63.03
----------------------------------------------------------------------
Liquidity
----------------------------------------------------------------------
Current ratio*            times        0.85     0.81     0.95     1.02
Quick ratio*              times        0.04     0.05     0.11     0.09
----------------------------------------------------------------------
Activity
----------------------------------------------------------------------
Total Assets Turnover *   times        4.87     5.10     5.44     5.30
Fixed Assets Turnover*    times       10.34    11.08    13.26    15.26
----------------------------------------------------------------------
Market
----------------------------------------------------------------------
EPS                       (Rs/share)   3.62     1.42     6.77    12.23
======================================================================
Source: Company Accounts                        * based on 9MCY13 data
======================================================================

Offline BlueClub

  • Junior Member
  • **
  • Posts: 249
  • Thanks Received: 3
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #13 on: April 04, 2014, 07:44:39 PM »
What is up with PAKT? its been less than 50 for the past 4.5 years, and now from 80.11on Apr 05 2013 to 1,487.99 Apr 04 2014... is their any bases for this much increase?  :confused1:
DGKC - ENGRO - GASF - HINOON - LUCK - MLCF - SEARL

Offline SBM

  • Master Troll
  • Administrator
  • Senior Member
  • *****
  • Posts: 11082
  • Thanks Received: 100
  • Ouulman :)
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #14 on: August 19, 2014, 01:43:43 PM »
I hate waking up.

Offline U.Khan

  • Junior Member
  • **
  • Posts: 231
  • Thanks Received: 0
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #15 on: August 19, 2014, 02:05:12 PM »
http://www.kse.com.pk/newsimage/56480-2.gif

great result

SBM bhai whats ur stance??? should it be bought?? for what tp? as it is falling down since long  :thanks:

Offline MZ

  • Research
  • Senior Member
  • *****
  • Posts: 8761
  • Thanks Received: 33
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #16 on: August 20, 2014, 08:50:35 PM »
PTC sticks out

Its a job well done at Pakistan Tobacco Company (KSE: PAKT). The tobacco giant saw massive boost to both its top line and bottom line during the six months ended June 30, 2014, thanks to the firms two factories in Nowshera and Jhelum that appear to be producing cigarette sticks at top speed.

The firms net turnover grew by nearly 23 percent to reach close to Rs20 billion in 1H CY14. It seems that volumetric growth has continued to take place in budget cigarette packs like Capstan and Gold Flake, and in medium brand, Gold Leaf. The top line performance so far looks great when compared to an 18 percent growth in the firms net turnover in CY13.

Despite expansion at the top, core costs remained in check. Cost of sales increased by nearly 20 percent. But, as a percentage of net turnover, it declined by 167 basis points. The amelioration is reflected in strengthening of the gross margin, which perched high at 35.59 percent for the period under review.

Normally, top line growth is accompanied by corresponding increases in selling and distribution expenses. But for PAKT, these expenses have noticeably declined in 1H CY14. Efficiencies in this area pushed selling and distribution expenses to 7.46 percent of net turnover, a good 224 bps lower over 1H CY13. Further support came from administrative expenses, which grew by a modest 2.6 percent year on year, and consumed just 3.86 percent of revenues, 76 bps lower over previous year.

However, these operating gains were largely sapped by a 232 percent increase in other operating expenses and about four percent decline in other operating income. Thus operating margin could only improve over the gross margin level by a paltry 19 bps. Even then, the operating margin of 20.54 percent looks decent over previous year, thanks to the 35 percent year-on-year growth in operating profit.

PAKT eventually closed the first half with a hefty net profit of Rs2.85 billion and an impressive EPS of Rs11.14, showing great improvement over the same period of last year. The 36 percent bottom line growth must cheer up the shareholders, who, six months ago, saw the firm register a whopping 81 percent profitability growth in CY13.

In a market where an estimated 20 percent cigarettes sold are in illicit trade (smuggled, counterfeited, duty-evasive), PAKT has had to deal with other major issues like security situation, inflation and the utilities crisis. But, the firm has endured all that and still comes on top. The strong financial results are a consequence of PAKTs efforts to improve its businesses from supply-chain to branding to distribution network.

Continuation of those efforts would ensure that the firm remains in good operational and financial health. Meanwhile, government crackdown on illicit cigarette trade would benefit the formal sector firms like PAKT, besides raising more revenues for the national kitty.

===============================================================
Pakistan Tobacco Co. Ltd.
===============================================================
Rs (mn)                                               1HCY14     1HCY13       Chg
===============================================================
Net turnover                                       19,940     16,226     22.9%
Cost of sales                                      (12,843)   (10,722)     19.8%
Gross margin                                       35.6%      33.9%         -
Selling & distribution expenses           (1,488)    (1,574)     -5.5%
Operating margin                                 20.5%      18.7%         -
Profit for the period                             2,848      2,091     36.2%
Net margin                                         14.3%      12.9%         -
EPS - Rs                                             11.14       8.18         -
===============================================================

Offline SBM

  • Master Troll
  • Administrator
  • Senior Member
  • *****
  • Posts: 11082
  • Thanks Received: 100
  • Ouulman :)
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #17 on: October 22, 2014, 04:25:22 PM »
I hate waking up.

Offline SBM

  • Master Troll
  • Administrator
  • Senior Member
  • *****
  • Posts: 11082
  • Thanks Received: 100
  • Ouulman :)
    • View Profile
Re: PAKT -- Pak Tobacco
« Reply #18 on: February 23, 2015, 02:44:32 PM »
I hate waking up.

Tags: Afzal Tahir