Baluchistan Wheels Limited’s financial results for the 2nd quarter / half year ended 31-12-2011

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Karachi: In Compliance with listing regulation No. 16, and 17 of the Karachi Stock Exchange (Guarantee) Ltd, we arc pleased to enclosed herewith the Financial Results of Baluchistan Wheels Limited (BWHL) for the 2nd Quarter / Half year ended December 31, 2011 under seared cover.

Financial Results for the 2nd Quarter Ended December 31, 2011

The Board of Director at their meeting held on February 17, 2012, has passed over the dividend of the half-year ended December 31, 2011. The financial results of the Company for the period ended December 31, 2011 are as follows:

 

	Half Year ended		Quarter ended
	December 31	December 31
	2011	2010	2011	2010
	(Rupees in ‘000’)
Sales net	654,740	796,943	326,386	373,755
Cost of Sales	(536,151)	(582,905)	(259,638)	(306,604)
	——-	——-	——-	——-
Gross Profit	118,589	124,038	66,748	67,151
(Administrative and Selling)	(45,280)	(46,993)	(23,512)	(22,628)
	——-	——-	——-	——-
Operating Profit	73,309	77,045	43,236	44,523
Other Income	3,831	588	906	489
Financial Charges	(8,560)	(7,352)	(4,295)	(4,633)
Other Charges	(5,288)	(5,290)	(2,625)	(2,875)
	——-	——-	——-	——-
Profit before Taxation	63,292	64,991	37,222	37,504
Taxation	(22,217)	(22,378)	(13,745)	(12,703)
	——-	——-	——-	——-
Net Profit for the Period	41,075	42,613	23,477	24,801
	——-	——-	——-	——-
Basic earning per Share (Rs)	3.08	3.20	1.76	1.86

 

 

For more information, Contact:
Baluchistan Wheels Limited
First Floor, State Life Building No. 3,
Dr. Ziauddin Ahmed Road,
Karachi – 75530 (Pakistan)
Ph: 35689259, 35687502, 35683474
Fax: 92-21-35684003
E-mail: bwlfin@cyber.net.pk
Web: www.bwheels.com