Tag: Packages Limited

Karachi, August 26, 2013 (PPI-OT): The Board of Directors of Packages Limited (PKGS) in their Meeting held today at 11:30 A.M. at Lahore gave their permission for the release and placing on the Company’s website (http;//www.packages.com.pk/periodical_reports.htm) the unaudited condensed interim financial information in respect of the above captioned period. The financial results of the Company are as follows:- Quarter ended Half year ended June 30, June 30, June 30, June 30, 2013 2012 2013 2012 (Rupees in thousands) (Rupees in thousands) Local sales 5,115,071 3,556,746 9,341,031 6,807,880 Export sales 10,277 18,779 29,718 29,856 ———– ———– ———– ———– Gross sales 5,125,348 3,575,525 9,370,749 6,837,736 Less: Sales tax and excise duty 698,865 572,181 1,274,534 1,105.771 Commission 6,021 4,778 11,707 6,361 ———– ———– ———– ———– 704,886 576,959 1,286,241 111,132 ———– ———– ———– ———– Net sales 4,420,462 2,998,566 8,084,508 5,725,604 Cost of sales (3,906,994) (2,626,169) (6,933,793) (5,084,560) ———– ———– ———– ———– Gross profit 513,468 372,397 1,150,715 641,044 Administrative expenses (173,202) (67,400) (312,706) (154,755) Distribution and marketing costs (183,603) (89,282) (309,336) (158,331) Other operating expenses (32,911) (2,906) (94,902) (15,027) Other operating income 118,610 154,618 131,277 186,589 ———– ———– ———– ———– Profit from operations 242,362 367,427 565,048 499,520 Finance costs (207,948) (119,951) (399,904) (237,076) Investment income 587,440 86,807 1,232,810 674,777 Reversal of impairment charged on investments – 252,018 – 252,018 ———– ———– ———– ———– Profit before taxation 621,854 586,301 1,397,954 1,189,239 Taxation (219,979) (172,822) (341,968) (306,807) ———– ———– ———– ———– Profit for the period from Continuing operations 401,875 413,479 1,055,986 882,432 Profit for the period from Discontinued operations (153,366) (267,408) (151,839) (538,524) ———– ———– ———– ———– Profit for the period 248,509 146,071 904,147 343,908 ———– ———– ———– ———– Basic earnings (loss) per share From Continuing operations Rupees 4.76 4.90 12.51 10.46 From Discontinued operations Rupees (1.82) (3.17) (1.80) (6.38) ———– ———– ———– ———– Fm Profit for the period Rupees 2.94 1.73 10.71 4.08 ———– ———– ———– ———– Diluted earnings/(loss) per share From Continuing operations Rupees 4.41 4.66 11.48 9.84 From Discontinued operations Rupees (1.82) (3.17) (1.80) (6.38) ———– ———– ———– ———– From Profit for the period Rupees 2.59 1.49 9.68 3.46 ———– ———– ———– ———– Three hundred copies of the unaudited condensed interim financial information will be sent to you shortly for distribution amongst the Members of the Exchange. Additionally, the half yearly financial results shall also be e-mailed to the Exchange by this evening at aqfs@kse.com.pk in Portable Document Format (PDF) to enable the Exchange to place the same on its website. For more information, contact: (Adil Cawasji) Company Secretary Packages Limited Shahrah-e-Roomi, P.O. Amer Sidhu, Lahore- 54760, Pakistan Ph: 35811541-46 Fax: (042) 35811195