Akzo Nobel Pakistan Limited‘s Results for the Quarter and Half Year Ended June 30, 2012 : AsiaNet-Pakistan

Akzo Nobel Pakistan Limited‘s Results for the Quarter and Half Year Ended June 30, 2012

[ 0 ] August 28, 2012 | Financial Results | Share:

Karachi, August 28, 2012 (PPI-OT): We wish to inform you that our Board of Directors at its meeting held on August 28, 2012, has approved the unaudited accounts of the Company for the quarter and half year ended June 30, 2012 with a limited scope review by the statutory auditors, showing the following results:

Dividend/ Bonus/ Rights Issue

Nil

Financial Results

For the 3 months For the 6 months
Period   ended 30 June 2012 Period ended 30 June 2012
(Rupees ‘000) (Rupees ‘000)
Turnover 1,872,768 3,347,369
sales tax, excise duty and discounts (468,226) (837,565)
——— ———
Sales-net 1,404,542 2,509,804
Cost of sales (927,535) (1,696,969)
——— ———
Gross profit 477,007 812,835
Selling and distribution expenses (239,842) (446,523)
Administration and general expenses (145,709) (287,540)
——— ———
Operating result 91,456 78,772
Financial charges (3,059) (6,947)
Other operating charges (12,152) (18,296)
——— ———
(15,211) (25,243)
Other operating income 71,786 147,780
——— ———
Profit before taxation 148,031 201,309
Taxation (69,018) (87,218)
——— ———
Profit after taxation 79,013 114,091
——— ———
Earnings per share – Basic and diluted  (Rupees) 1.70 2.46

A complete set of accounts is being placed on the Company’s website: www.akzonobel.com/pk/paints and also being e-mailed to the three stock exchanges in PDF format for uploading on their respective websites.

For more information, contact:
Akzo Nobel Pakistan Limited
346, Ferezpur Road,
P.O. Box 273, Lahore 54600
T: +92 42 111 551 111
T: +92 42 591 8595-96
F: +92 42 583 5011

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Category: Financial Results