AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on Friday 03 February 2012 at 10:30 a.m. at the Registered Office of the Company at Lakson Square, Building No.2, Sarwar Shaheed Road, Karachi has approved the un-audited financial statements for the half year ended 31 December 2011 duly reviewed by the auditors of the Company.
The financial results of the Company are as follows:
|
Half year ended |
Quarter ended |
|||||
|
December 31, |
December 31, |
December 31, |
December 31, |
|||
|
2011 |
2010 |
2011 |
2010 |
|||
|
(Rupees in thousands) |
||||||
| Sales – net | 6,150,636 | 5,262,669 | 2,987,839 | 2,867,385 | ||
| Cost of sales | (5,173,890) | (4,586,123) | (2,575,071) | (2,556,804) | ||
| ——— | ——— | ——— | ——— | |||
| Gross profit | 976,746 | 676,546 | 412,768 | 310,581 | ||
| General and administrative expenses | (123,941) | (113,107) | (63,177) | (55,498) | ||
| Selling expenses | (16,623) | (15,449) | (8,132) | (7,718) | ||
| Distribution expenses | (32,552) | (35,650) | (17,576) | (20,207) | ||
| Other operating charges | ||||||
| Workers profit participation fund | (170,016) | (1,813) | (4,811) | 552 | ||
| Workers’ welfare fund | (6,466) | (689) | (1,828) | 210 | ||
| Others | (39,139) | (9,574) | (17,917) | (1,260) | ||
| ——— | ——— | ——— | ——— | |||
| (62,621) | (12,076) | (24,556) | (498) | |||
| Other operating income | 35,347 | 41,230 | 17,363 | 18,066 | ||
| ——— | ——— | ——— | ——— | |||
| Operating profit | 776,356 | 541,494 | 316,690 | 244,726 | ||
| Financial charges | (459,526) | (507,733) | (227,113) | (255,013) | ||
| ——— | ——— | ——— | ——— | |||
| Profit/ (loss) before taxation | 316,830 | 33,761 | 89,577 | (10,287) | ||
| Taxation | ||||||
| Current | (61,506) | (52,627) | (29,878) | (28,674) | ||
| Prior year | – | 1,163 | – | 1,163 | ||
| Deferred | (46,500) | (9,000) | (16,500) | 3,500 | ||
| ——— | ——— | ——— | ——— | |||
| (108,006) | (60,464) | (46,378) | (24,011) | |||
| ——— | ——— | ——— | ——— | |||
| Profit / (loss) for the period | 208,824 | (26,703) | 43,199 | (34,298) | ||
| ——— | ——— | ——— | ——— | |||
| Earnings/ (Loss) per share – basic and diluted attributable to ordinary shareholders(Rupees) | 0.17 | (3.16) | (0.78) | (1.88) | ||
| ——— | ——— | ——— | ——— | |||
| Earnings/ (Loss) per share-basic and diluted | ||||||
| There is no dilutive effect on the basic earnings per share of the Company which is calculated as follows: | ||||||
| Profit/ (loss) for the period | 208,824 | (26,703) | 43,199 | (34,298) | ||
| Dividend attributable to | ||||||
| Cumulative Preference Shares | (196,867) | (196,867) | (98,434) | (98,434) | ||
| ——— | ——— | ——— | ——— | |||
| Profit/ (loss) attributable to ordinary Shareholders | 11,957 | (223,570) | (55,235) | (132,732) | ||
| ——— | ——— | ——— | ——— | |||
| Weighted average number of ordinary | ||||||
| Shares (in thousands) | 70,684 | 70,684 | 70,684 | 70,684 | ||
| ——— | ——— | ——— | ——— | |||
| Earnings / (loss) per share attributable to ordinary shareholders(Rupees) | 0.17 | (3.16) | (0.78) | (1.88) | ||
For more information, Contact:
Century Paper and Board Mills Limited
Lakson Square, Bldg.No.2,
Sarwar Shaheed Road,
Karachi –74200, Pakistan.
Tel: 689 8000
Fax: 92-21-568 4336
Website: www.centurypaper.com.pk
E-mail: Mansoor-ahmed@centurypaper.com