GlaxoSmithKline Pakistan Limited’s financial results for the half year ended June 30, 2011
Karachi: We have to inform you that the Board of Directors of our Company in its meeting held on August 23, 2011 at 11:00 a.m. in the Board Room, Sykes Building, 35—Dockyard Road, West Wharf, Karachi, has approved the un-audited interim financial information of the Company for the half year ended June 30, 2011.
Cash Dividend Nil.
Bonus Shares Nil.
The financial results of the Company are as follows:
Quarter ended |
Half year ended |
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June 30, |
June30, |
June 30, |
June30, |
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2011 |
2010 |
2011 |
2010 |
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Rs’000 |
Rs’000 |
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Net Sales | 5,043,211 | 4,534,181 | 10,775,312 | 9,397,931 |
Cost of Sales | (3,717,274) | (3,397,766) | (7,928,968) | (6,954,131) |
——— | ——— | ——— | ——— | |
Gross Profit | 1,325,937 | 1,136,415 | 2,846,344 | 2,443,800 |
Selling, Marketing and | ||||
distribution expenses | (594,813) | (637,009) | (1,223,465) | (1,133,015) |
Administrative expenses | (197,059) | (205,490) | (388,278) | (447,047) |
Other operating expenses | (56,935) | (34,428) | (123,836) | (94,155) |
Other operating income | 128,849 | 67,754 | 266,579 | 195,500 |
——— | ——— | ——— | ——— | |
Operating Profit | 605,979 | 327,242 | 1,377,344 | 965,056 |
Financial charges | (4,992) | (5,948) | (9,279) | (9,916) |
——— | ——— | ——— | ——— | |
Profit before taxation | 600,987 | 321,294 | 1,368,065 | 955,140 |
Taxation | (278,532) | (143,697) | (627,000) | (415,650) |
——— | ——— | ——— | ——— | |
Profit after taxation | 322,455 | 177,597 | 741,065 | 539,580 |
——— | ——— | ——— | ——— | |
Earnings per share | Rs. 1.35 | Rs. 0.74 | Rs. 3.10 | Rs. 2.26 |
For more information, Contact:
Shahid Mustafa Qureshi
Director/Company Secretary
GlaxoSmithKline Pakistan Limited
35—Dockyard Road,
West Wharf,
Karachi -74000,
Pakistan
UAN: 111-475-725
Tel: 92-21 32315478-82
Fax: 92-21 32314898