Karachi, In a recent Board of Directors meeting held at Pakistan Tobacco Company's Akora Khattak Factory, the company announced its financial results for the quarter and half-year ended June 30, 2023. The results showcased a robust performance, with notable growth in both domestic and export turnovers.

For the quarter ended June 30, 2023, the domestic turnover reached Rs 73,623,262, showing a substantial increase compared to the same period last year, which recorded Rs 59,132,239. Similarly, the export turnover amounted to Rs 1,120,658, further contributing to the company's positive financial standing.

The gross turnover for the quarter stood at Rs 74,743,920, significantly surpassing the previous year's figure of Rs 60,615,171. Despite facing excise duties and sales tax, the net turnover remained impressive at Rs 23,514,190.

On the profit side, Pakistan Tobacco Company Limited demonstrated remarkable results. The operating profit for the quarter reached Rs 9,524,797, reflecting substantial growth from the previous year's Rs 8,523,735.

The finance income also played a pivotal role in boosting the company's financial performance, with a net finance income of Rs 1,671,036, significantly higher than the previous year's Rs 477,448.

After accounting for income tax expenses, the company reported a profit of Rs 4,297,860 for the quarter, showcasing a notable increase from the previous year's Rs 3,625,703.

For the half-year period ended June 30, 2023, Pakistan Tobacco Company Limited reported a cumulative domestic turnover of Rs 131,113,598, while export turnover amounted to Rs 2,351,506. The gross turnover for the half-year reached Rs 133,465,104, and the net turnover stood at Rs 46,098,083.

The company's exceptional performance is reflected in the earnings per share (EPS) figures, which showed an increase in both the quarter and half-year periods, with an EPS of Rs 16.82 and Rs 43.22, respectively.