烟草在线据《论坛快报》报道编译　　据巴基斯坦烟草公司（PTC）10月23日公布的财务业绩显示，尽管第三季度的增长速度放缓，但该公司在截至2013年9月30日的9个月内的利润增长了两倍多，总收入增长了近五分之一。

　　作为英美烟草公司的子公司及巴基斯坦最大的烟草制造商，巴基斯坦烟草公司在2013年前9个月内的每日利润超过1000万卢比。

　　巴基斯坦烟草公司在2013年前9个月内的利润增长134%，达到27亿卢比，即每股盈利10.57卢比，去年同期的利润为11亿卢比，每股盈利4.51卢比。

　　巴基斯坦烟草公司是金边臣和约翰·普列尔金叶（该公司的两个高端品牌）的制造商，该公司报告的前9个月内的总收入为227亿卢比，比去年同期的190亿卢比增长19%。

　　该烟草巨头在前9个月内缴纳了14亿卢比的所得税，比去年同期向国库缴纳的6.53亿卢比的所得税增长115%。除此之外，该公司前9个月内缴纳的消费税达340亿卢比。

　　与前9个月所取得的显著业绩相比，该公司的季度业绩显示，今年第三季度的业绩并不理想。

　　截至2013年9月30日的第三季度，巴基斯坦烟草公司的利润为6.1亿卢比，即每股盈利2.39卢比，比去年同期6.91亿卢比的利润（即每股盈利2.71）下降12%。第三季度的总收入为65亿卢比，比去年同期58亿卢比的总收入增长11%。

　　对每包卷烟的零售价所征收的税率为68.5%到81%，说明对烟草业征收的税率最高。

　　几乎没有分析师对该公司的业绩进行置评。因为巴基斯坦烟草公司不是流通股，所以对包括卡拉奇证交所在内的大部分分析师不产生利益。

　　此前，巴基斯坦烟草公司上半年的业绩非常好，利润增长353%，总收入增长23%。Arif Habib公司的研究负责人Khurram Shehzad之后对《论坛快报》称，上半年的业绩显著增长，是由于核心盈利能力及其它收入增长的结果。

　　相比而言，截至2013年9月底的第三季度，巴基斯坦烟草公司的核心盈利能力为9.3%，低于去年同期11.6%的盈利能力。第三季度的其它收入也降低至1300万卢比，而去年同期的其它收入为2400万卢比。

　　不过，该公司的核心盈利能力从2012年前9个月内的6%增长至今年前9个月内的12%。同样地，2013年前9个月内的其它收入增长至1.18亿卢比，高于去年同期5100万卢比的其它收入。

Pakistan Tobacco Earnings Soar 134% in Jan-Sept Period

　　Pakistan Tobacco Company (PTC), despite a slow third quarter growth, more than doubled its profit and increased revenues by nearly a fifth for the nine-month period that ended on September 30, 2013, according to the company's financial results released on Wednesday.

　　A subsidiary of British American Tobacco and the largest tobacco manufacturer in the country, PTC earned more than Rs10 million a day in profit during the first nine months of 2013.

　　The company's profit for the period increased 134% to Rs2.7 billion or Rs10.57 per share compared to Rs1.1 billion or Rs4.51 per share in the corresponding period of 2012.

　　The manufacturer of Benson & Hedges and John Player Gold Leaf - the company's high-end market brands - reported Rs22.7 billion in revenues for the nine-month period, an increase of 19% compared with Rs19 billion earned in the same period last year.

　　The tobacco giant has paid Rs1.4 billion income tax for the nine months, a 115% increase from Rs653 million it paid to the national exchequer in the corresponding period of 2012. This is in addition to the Rs34 billion it paid as excise duty during the period.

　　As opposed to the nine-month results, which were impressive, the company's quarterly performance showed that it didn't have a good third quarter this year.

　　PTC earned Rs610 million or Rs2.39 per share during the quarter ended September 30, 2013, a decline of 12% compared with Rs691 million or Rs2.71 per share in the corresponding period of 2012. Revenues for the quarter increased 11% to Rs6.5 billion compared with Rs5.8 billion in the same quarter last year.

　　The tax levied on retail price of each packet of cigarettes ranges from 68.5% to 81%, indicating that the tobacco industry is taxed at the highest rate.

　　There were hardly any analysts available to comment on the company's results. PTC is not a liquid stock, thus it doesn't create interest among majority of analysts covering the Karachi bourse.

　　Earlier, PTC had an impressive first half, posting a 353% increase in profit and 23% increase in revenues. The abnormal gains were a result of the rise in core profitability and other income, Khurram Shehzad, Head of Research at Arif Habib Corporation then told The Express Tribune.

　　By contrast, PTC's core profitability for the quarter ended September 2013 was 9.3%, down from 11.6% in the same quarter last year. Other income for the quarter also dropped to Rs13 million compared with Rs24 million of the same quarter last year.

　　On the other hand, core profitability increased from 6% during the first nine months of 2012 to 12% for the same period this year. Similarly, other income for the nine-month period of 2013 increased to Rs118 million, up from Rs51 million in the corresponding period of 2012. Enditem