Wyeth Pakistan Limited’s financial results for the second quarter and six months period ended May 31, 2013. : AsiaNet-Pakistan

Wyeth Pakistan Limited’s financial results for the second quarter and six months period ended May 31, 2013.

July 26, 2013 | Financial Results | Share:

Karachi, July 26, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Friday, July 26, 2013 at 10:00 A.M. at 12-Dockyard Road, West Wharf, Karachi, recommended the following:

Cash Dividend

An Interim Cash Dividend for the second quarter and six months period ended May 31, 2013 at Rs. Nil per share i.e. Nil%.

Financial Results

The financial results of the Company are as follows:

                                                 For the six months               For the three months
                                                   period ended                       period ended
                                              May 31,          May 31,           May 31,         May 31,
                                               2013             2012              2013            2012
                                                                     (Rupees ‘000)

Continuing operations
Net sales                                    1,612,820        1,601,130          896,479         871,546
Cost of sales                                1,195,295        1,207,917          688,195         658,236
                                             ---------        ---------          -------         -------
Gross profit                                   417,525          393,213          208,284         213,310
Selling marketing and
distribution expenses                          191,336          207,545          111,522         127,126
Administrative expenses                         40,795           46,701           23,382          24,503
                                             ---------        ---------          -------         -------
                                               232,131          254,246          134,904         151,629
                                             ---------        ---------          -------         -------
                                               185,394          138,967           73,380          61,681
Other operating income                          12,120           10,325            6,697           4,390
Other operating expenses                        17,786           12,229            7,983             737
                                             ---------        ---------          -------         -------
                                                (5,666)          (1,904)          (1,286)          3,653
                                             ---------        ---------          -------         -------
Operating profit                               179,728          137,063           72,094          65,334
Finance cost                                       102               87               55              50
                                             ---------        ---------          -------         -------
Profit before taxation                         179,626          136,976           72,039          65,284
Taxation
- Current                                       68,033           39,049           30,642          11,072
- Deferred                                      (3,695)          (2,558)           2,947          (6,125)
                                             ---------        ---------          -------         -------
                                                64,338           36,491           33,589           4,947
                                             ---------        ---------          -------         -------
Profit after tax from continuing
operations                                     115,288          100,485           38,450          60,337
Discontinued operations
(Loss)/ profit for the period
from discontinued operations
(net of tax)                                       -                (50)             -                95
                                             ---------        ---------          -------         -------
Profit for the period                          115,288          100,435           38,450          60,432
                                             ---------        ---------          -------         -------
                                                         Rupees                           Rupees
Earnings/ (loss) per share-basic
and diluted
- From continuing operations                     81.10            70.68            27.05           42.44
                                             ---------        ---------          -------         -------
- From discontinuing operations                    -              (0.03)             -              0.07
                                             ---------        ---------          -------         -------

For more information, contact:
Iqbal Bengali
Chairman/ Chief Executive
Wyeth Pakistan Limited
S-33, Hawks Bay Road, S.I.T.E.,
P. O. Box 167, Karachi – Pakistan
Tel: 32354651-60
UAN: 111 777 333
Fax: +92 (0) 21-3235-4681
E-mail: wyethpak@wyeth.com

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Category: Financial Results