Murree Brewery annual tax payment increases 139%

Murree Brewery annual tax payment increases 139%

Murree Brewery Company Limited – Pakistan’s largest and oldest producer of alcoholic products – on Thursday announced financial results for the year ended June 30, 2022. The annual profit of the company remained flat at Rs1.29 billion as tax payment surged by 139 per cent.

According to financial statement submitted to the Pakistan Stock Exchange (PSX), Murree Brewery posted after tax profit of Rs1.294 billion for the year ended June 30, 2022 as compared with Rs1.291 billion in the preceding year.

The company paid an amount Rs899 million as tax for the year under review as compared with Rs376.38 million in the preceding year, showing a rise in tax payment by 139 per cent.

The board of directors of the company met on September 22, 2022 and recommended a final cash dividend for the year ended June 30, 2022 at Rs10 per share i.e. 100 per cent. This is in addition to interim dividends already paid at Rs25 per share i.e. 250 per cent.

The gross profit of the company increased to Rs3.54 billion for the year ended June 30, 2022 as compared with Rs2.97 billion in the preceding year.

Net turnover increased to Rs15.23 billion for the year under review as compared with Rs11.68 billion in the preceding year.

Operating profit of the company increased to Rs1.83 billion when compared with Rs1.44 billion.

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