Pakistan Hotels Developers Limited’s financial result for the six months period (2nd Quarter) ended 31st December, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on 31st January, 2012 at 10:00 a.m. at Karachi, recommended the following.

i. Cash Dividend

An Interim Cash Dividend (or the six-month period (2nd Quarter) ended 31st December, 2011 at Rs.1.50 per share i.e. 15%. This is in addition w Interim Dividend(s) already paid at Rs. Per share. i.e. Nil %.

And/ Or

ii. Bonus Shares

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

And/ Or

iii. 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(s) for every Nil share(s). The entitlement of right, shares being declared simultaneously will be / will not be applicable on Bonus Shares as declared above.

And/ Or

iv. Any Other Entitlement/ Corporate Action

Nil

And/ Or

v. Any Other Price-Sensitive Information

The financial results of the Company for the six-month period (2nd Quarter) ended 31st December, 2011 is enclosed herewith.

The share transfer books of the company will be closed from 23rd February, 2012 to 29th February, 2012 (Both days inclusive). Transfers received at the Registered Office of the Company at the close of business on 22nd February, 2012 will be treated in time for the purpose of above entitlement to the transferees.

Encl:  Financial Results of the company (Subjected to limited scope review) for the Six-Month Period (2nd Quarter) Ended 31st December, 2011.

 

Three Months Ended

Six – Months Ended

December 31,

December 31,

2011

2010

2011

2010

Rupees in ‘000

Rupees in ‘000

Turnover 110,846 76,444 193,475 163,375
Sales tax, discount and sales return (15,187) (11,832) (27,042) (24,630)
——- —— ——- ——-
Sales and services – net 95,359 64,612 166,433 138,745
Cost of sales and services (53,905) (37,359) (96,417) (86,071)
——- —— ——- ——-
Gross Profit 41,454 27,253 70,016 52,674
Operating expenses
Administrative, selling and
general expenses (22,450) (22,747) (45,063) (47,632)
Other Operating income/ (loss) (3,689) (2,441) (3,409) (3,185)
——- —— ——- ——-
Operating Profit 15,315 2,065 21,544 1,857
Financial charges (7) (16)
——- —— ——- ——-
Net profit before taxation 15,315 2,058 21,544 1,841
Taxation
Current (2,105) (1,385) (5,100) (1,735)
Prior year 2,110 364 2,110 364
Deferred 2,544 2,677 3,768 3,966
——- —— ——- ——-
2,549 1,656 778 2,595
——- —— ——- ——-
Net Profit after taxation 17,864 3,714 22,322 4,436
——- —— ——- ——-
Earning per share
-Basic (Rupees) 0.99 0.21 1.24 0.25
——- —— ——- ——-
-Diluted (Rupees) 0.99 0.21 1.24 0.25

 

 

For more information, Contact
Pakistan Hotels Developers Limited
Regent Plaza Hotel,
Shahrah-e-Faisal -Karachi – Pakistan.
UAN: 111-111-774
Tel: 021-3565700
Fax: 021-35631523
Email: rphcc@cyber.net.pk
Web: ww.rphcc.com

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