Karachi: Colgate-Palmolive (Pakistan) Ltd, in a board meeting held on January 24, 2025, has announced its un-audited financial results for the half-year ended December 31, 2024. The meeting, which took place at the company's registered office in Karachi, approved interim financial statements reviewed by the company's auditors and recommended an interim cash dividend of Rs.321 per share, representing a 320% payout for the fiscal year ending June 30, 2025. The dividend is set to be distributed to shareholders registered by February 06, 2025, with the company's share transfer books set to close from February 07 to February 09, 2025.

The company's financial performance for the half-year ended December 31, 2024, showed significant growth compared to the previous year. Net turnover increased to Rs.57.92 billion from Rs.55.07 billion, while gross profit rose to Rs.20.61 billion from Rs.16.43 billion. The profit after income tax stood at Rs.9.70 billion, a substantial rise from Rs.7.37 billion in the previous year. Earnings per share improved to Rs.39.94, up from Rs.30.36.

According to information available from the Pakistan Stock Exchange (PSX), Colgate-Palmolive Pakistan's operational efficiency was highlighted by a profit from operations of Rs.15.25 billion, a notable increase from Rs.11.94 billion a year earlier. Despite a marginal decrease in finance costs, profit before income tax for the period was reported at Rs.15.16 billion, surpassing the Rs.11.45 billion recorded in the same period last year.

The company's cash flow statement indicated robust cash generation from operations at Rs.11.44 billion, compared to Rs.11.18 billion in the previous year. Despite a decline in cash flows from investing activities due to increased investments, the company maintained a stable cash position. However, the significant dividend payout led to a net cash usage in financing activities of Rs.8.47 billion.

Colgate-Palmolive Pakistan's balance sheet as of December 31, 2024, reflected total assets of Rs.57.39 billion, with equity and reserves totaling Rs.36.21 billion. The company has continued to focus on enhancing shareholder value, demonstrated by the substantial interim dividend and robust financial performance. The half-yearly report is scheduled to be transmitted through PUCARS separately within the specified time frame.