Pakistan Gum and Chemicals Limited’s financial results for the half year ended 30th June 2011
Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday 24th of August 2011 at 11:00 a.m. at the PakChem premises 9-19/A Irshad Qadri Road, S.I.T.E., Karachi, recommended the following:
1. | Cash Dividend | NIL |
2. | Bonus Shares | NIL |
3. | Right Shares | NIL |
4. | Any Other Entitlement/Corporate Action | NIL |
5. | Any Other Price-Sensitive Information | NIL |
The financial results of the Company are as follows:
Half Year Ended |
Qaurter Ended |
|||
June 2011 |
June 2010 |
June 2011 |
June 2010 |
|
Rs.000 |
Rs.000 |
Rs.000 |
Rs.000 |
|
Net Sales | 588,979 | 416,542 | 358,285 | 198,382 |
Cost of Sales | (512,460) | (372,996) | (304,857) | (181,857) |
———– | ———– | ———– | ———– | |
Gross profit | 76,519 | 43,546 | 53,428 | 16,525 |
Distribution and shipping costs | (9,117) | (14,011) | (8,278) | (5,809) |
Administrative expenses | (15,370) | (11,869) | (5,547) | (6,306) |
Other Operating Expenses | (2,119) | (399) | (1,664) | 83 |
Other Operating Income | 363 | 901 | 138 | 448 |
———– | ———– | ———– | ———– | |
(26,243) | (25,378) | (15,351) | (11,584) | |
———– | ———– | ———– | ———– | |
Operating profit | 50,276 | 18,168 | 38,077 | 4,941 |
Finance Cost | (12,168) | (11,569) | (7,070) | (5,524) |
———– | ———– | ———– | ———– | |
Profit before taxation | 38,108 | 6,569 | 31,007 | (583) |
Taxation – current | (9,885) | (4,215) | (6,664) | (2,005) |
———– | ———– | ———– | ———– | |
Net profit for the year | 28,223 | 2,384 | 24,363 | (2,588) |
———– | ———– | ———– | ———– | |
Earning per share – Basic and diluted | Rs.6.64 | Rs.0.56 | Rs.5.73 | Rs.0.61 |
For more information, contact:
Pakistan Gum and Chemicals Limited
2nd Floor, State Life Building No, 6 Habib Square,
M.A. Jinnah Road, Karachi-74000, Pakistan
Phone: +92 21-32410484
Fax : +92-21-32411522
e-mail: inquiries@pakgum.com