Habib – ADM Limited’s financial results

Karachi: We are pleased to inform you the Board of Directors of M/s Habib – ADM Limited (HAL) in their meeting held on February 10, 2012 considered and approved for publication the Company’s Unaudited Financial Statements for the Half Year ended December 31, 2011. The Financial Results are attached:

Kindly circulate the above information to your members. We shall forward 300 copies of Half Yearly Reports in due course, which are under printing.

Financial Results for the Half Year Ended December 31, 2011 (Unaudited)

 

Financial Results 3 Months 6 Months 3 Months 6 Months
Oct – Dec Jul – Dec Oct – Dec Jul – Dec
2011 2011 2010 2010
Rupees Rupees Rupees Rupees
Sales
Gross Sales 448,073,494 782,372,198 363,069,835 611,241,095
Less: Sales Tax and Special Excise Duty 24,699,402 40,508,950 34,388,222 54,695,837
———– ———– ———– ———–
Net Sales                                          423,374,092 741,863,248 328,681,613 556,545,258
Cost of Goods Sold 279,457,408 510,201,693 270,459,490 466,363,202
———– ———– ———– ———–
Gross Profit 143,916,684 231,661,555 58,222,123 90,182,056
Less:
Selling and Distribution Expenses 23,727,324 38,443,833 16,054,267 25,667,008
Administrative Expenses 17,949,373 30,533,000 13,100,152 26,627,165
———– ———– ———– ———–
41,676,697 68,976,833 29,154,419 52,294,173
———– ———– ———– ———–
Operating Profit 102,239, 162,684,722 29,067,704 37,887,883
Less:
Finance Cost 403,497 616,871 574,718 818,319
Other Operating Charges 7,705,451 12,195,859 3,101,893 4,204,495
———– ———– ———– ———–
8,108,948 12,812,730 3,676,611 5,042,814
———– ———– ———– ———–
94,131,039 149,871,992 25,391,093 32,845,069
Add: Other Operating Income
Income from Financial Assets
Interest on Bank Deposit 4,008,289 7,171,012 004,631 2,463,797
Exchange Gain 146,149 15,727 172,195
Dividend Income from Subsidiary Company 673,276 2,192,105 205,994 5,910,510
———– ———– ———– ———–
4,681,565 9,509,266 1,126,352 8,546,502
Income from Non Financial Assets
Rent Income form Subsidiary Company 3,000 6,000 3,000 6,000
Gain on Sale of Property, Plant and Equipment          335,142 351,453
———– ———– ———– ———–
338,142 357,453 3,000 6,000
———– ———– ———– ———–
Total Other Operating Income 5,019,707 9,866,719 1,120,352 8,552,502
———– ———– ———– ———–
Net Profit before Taxation 99,150,746 159,738,711 26,520,445 41,397,571
Provision for Taxation
-Current 30,536,654 51,304,311 9,565,662 13,467,907
-Prior Year 2,444,199 2,444,199 (1,676,028) (1,676,028)
-Deferred 40,000 40,000 (3,390,000) (3,390,000)
———– ———– ———– ———–
33,020,853 53,788,510 4,499,634 8,401,879
———– ———– ———– ———–
Net Profit for the Period 66,129,893 105,950,201 22,020,811 32,995,692
Other Comprehensive Income for the Period
———– ———– ———– ———–
Total Comprehensive Income for the Period 66,129,893 105,950,201 22,020,811 32,995,692
  ———–   ———– ———– ———–
Earnings per Share of Rs. 5 each 1.65 2.65    0.55 0.82

 

For more information, Contact:
Habib – ADM Limited
UBL Building, I.I. Chundrigar Road,
Karachi 74000, Pakistan
Ph: +92-21-32411887
Fax: +92-21-32414581
E-mail: habibark@cyber.net.pk
Web: www.habib-amd.com

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