Pakarab Fertilizers 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 their meeting held on August 23, 2011 at 11:00 a.m. at E-110, Khayaban-e-Jinnah, Lahore Cantt., recommended the following:

(1) Cash Dividend

An Interim Cash Dividend for the half year ended June 30, 2011 at Rs. Nil per share i.e. Nil %. This is in addition to interim Dividend already paid at Rs. Nil per share i.e. Nil %.

(2) Bonus Shares

It has been recommended by the Board of Directors to issue Interim Bonus Shares in the proportion of Nil shares for every Nil shares held i.e. Nil %. This is in addition to the interim Bonus Shares already issued @ Nil %.

(3) Right Shares

The Board has recommended to issue Nil % Right Shares at par/at a discount /premium of Rs. Nil per share in proportion of Nil share for every Nil share.

(4) Financial Results

The Financial Results of the Company for the half year ended June 30, 2011 are enclosed.

Condensed Interim Profit And Loss Account for the Quarter and Half Year Ended June 30, 2011

 

Quarter ended

Half year ended

June 30,

June 30,

June 30,

June 30,

2011

2010

2011

2010

(Rupees in thousand)

Sales 5,037,383 4,930,015 7,299,367 7,602,072
Cost of sales (2,566,001) (2,218,017) (3,738,891) (3,712,932)
 ——— ——— ——— ———
Gross profit 2,471,382 2,711,998 3,560,476  3,889,140
Administrative expenses (248,529) (210,845)  (449,745) (389,309)
Selling and distribution expenses (228,481) (242,307) (394,945) (366,841)
Other operating expenses (136,532)  (127,867) (156,128) (137,544)
Other operating income 523,840 518,654 894,959 636,828
——— ——— ———
Profit from operations 2,381,680 2,649,633 3,454,617  3,632,274
Finance cost (857,982)  (923,924) (1,756,371) (1,764,389)
Share of loss of associate  – (14,453)  (17,612) (14,453)
Gain / (loss) on re-measurement of financial assets at fair value through profit or loss 731,960  (61,540) 730,380 (115,540)
 ——— ——— ———  ———
Profit before taxation 2,255,658 1,649,716 2,411,014  1,737,892
Taxation (655,842)  (453,382) (707,364)  (475,382)
 ——— ——— ——— ———
Profit for the period 1,599,816 1,196,334 1,703,650 1,262,510
——— ———  ——— ———
Earnings per share in Rupees 3.56 2.66 3.79 2.81

 

For more information, Contact:
Pakarab Fertilizers Limited
E-110, Khayaban-e-Jinnah,
Lahore Cantt, Pakistan.
PABX: +92 42 111-FATIMA (111-328-462)
Fax: +92 42 36621389,
www.fatima-group.com

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