Pakistan Tobacco
· Introduction
Pakistan Tobacco Company restricted was incorporated in 1947 instantly when independence, once it took over the business of the Imperial Tobacco Company of British India that had been operational in the South Asia since 1905. Pakistan Tobacco Company is a component of British yank Tobacco cluster, one in all the world's most international business teams, with brands sold in a hundred and eighty markets around the world. It is located in Jhelum, and Nowshera Pakistan.
From being simply one mill operation to a corporation that is concerned in each side of cigaret production, from tobacco cultivation to packaging we have evolved and grown with Pakistan. However, what's vital regarding these 62 years is that the effort that PTC has incontestible within the development of the country. By being instrumental in the campaign for modern agricultural and industrial practices, we have helped in the development and progress of the agricultural & industrial sector in the country.[3] Pakistan Tobacco Company Ltd. is one in all the biggest tax contributors within the non-public sector in Pakistan. During 2015 Pakistan Tobacco Company Ltd. contributed over Rs. 86 billion, an increase of Rs. 12.8 billion, 17% vs SPLY to Government revenues in the form of Excise Duty, Sales Tax, Income Tax & Custom duties. This amounts to over Rs. 268 million per working day. Over one thousand thousand individual’s area unit economically addicted to the business in Pakistan.
· Pakistan Tobacco Company
Pakistan Tobacco Company (PTC), in a notification issued to the Pakistan Stock Exchange (PSX) on Tuesday, released its financial results for the quarter ended June 30, 2018, announcing a profit of Rs2.9 billion, up 103 per cent from last year.
Gross turnover of the company for the quarter stood at Rs31.9 billion, up 14.7 per cent for the same period last year. Gross profit for the period stood at Rs6.1 billion, up 35.8 per cent from last year.
Earnings per share for the quarter was Rs10.55 per share, up from Rs5.72 in 2017.
The company also announced an interim dividend for the financial year ending December 2018 at Rs7 per share (70 per cent).
“The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on August 13, 2018. The Share Transfer Books of the company will be closed from August 15 to August 21, 2018 (both days inclusive). Tran
sfers received at the office of the Company’s Share Registrar, FAMCO Associates (Pvt.) Ltd, 8-F, Near Hotel Faran, Nursery, Block 6, P.E.C.H.S., Shahrah-e-Faisal, Karachi at the close of business on August 13, 2018, will be treated in time for the purpose of above entitlement to the transferees,” read the notification.
Pakistan Tobacco Company Limited (PTC) is a subsidiary of the British American Tobacco (BAT), one of the world’s most international businesses, with brands sold in more than 200 markets around the world. The company was incorporated in {pakistan|Pakistan|Islamic Republic of Pakistan|West Pakistan|Asian country|Asian nation} in 1947 creating it one in all the primary multinationals in Pakistan. Starting from a single warehouse
near Karachi port, the company is now the largest cigarette manufacturer in the country.
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