PTC contributes Rs 23 billion to National exchequer in Q1, 2016


ISLAMABAD, Apr 20 (APP): Pakistan Tobacco Company (PTC) has
contributed over Rs 23 billion to the Federal Board of Revenue (FBR)
in the form of duties and taxes during the first quarter of 2016.
According to announcement of the company here on Wednesday,
the PTC has announced its results for the first quarter of 2016,
declaring net turnover of Rs 11.547 billion, after tax profit of Rs
2.813 million and earnings per share of Rs 11.01.
Despite a decline in volume, the gross turnover has increased
as a result of the excise led price increases in June and December