Johnsons and Philips (Pakistan) Limited’s announcement of financial result for the half year ended 31st Dec, 2011

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Karachi: We inform you that a meeting of the Board of Directors of the Company was held on Tuesday February 28, 2012 at 12:00 PM to consider the Un-Audited Financial Statement for the 2nd Quarter Ended December 31, 2011.

The Board of Directors while approving the financial statements have not recommended any dividend for 2nd Quarter Ended 31st December 2011. Further they have also neither recommended any bonus shares nor any right issue.

The Financial Results for the 2nd Quarter Ended December 31, 2011 are as follows:

 

	Half Year Ended		Quarter Ended
	December 31	December 31	December 31	December31
	2011	2010	2011	2010
	(Rupees in Thousands)
Revenue from Sales and Services -Net	74,213	117,066	32,247	75,168
Cost of Sales and Services	(62,885)	(96,119)	(27,292)	(61,955)
	———	———	———	———
Gross Profit	11,328	20,947	4,955	13,213
Distribution Cost	(3,537)	(1,320)	(2,021)	(494)
Administrative Expenses	(10,431)	(13,554)	(5,463)	(9,306)
Other Operating Income	247	157	198	59
	———	———	———	———
Operating (Loss) /Profit	(2,393)	6,230	(2,331)	3,472
Financial Cost	(3,546)	(3,578)	(1,764)	(1,692)
	———	———	———	———
(Loss) / Profit before Taxation	(5,939)	2,652	(4,095)	1,780
Taxation-Current	(858)	(1,171)	(374)	(752)
	———	———	———	———
(Loss) / Profit after Taxation	(6,797)	1,481	(4,469)	1,028
	———	———	———	———
Earnings per Share-basic and diluted	(1.25)	0.27	(0.82)	0.19

 

The Share Transfer Books of the Company will be closed from NIL to NIL (both days inclusive) Transfers received at the Nil, at the close of business on NIL will treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Shehryar Saeed
Chief Executive
Johnsons and Philips (Pakistan) Limited
C-10, South Avenue, SITE,
Karachi, Pakistan
Tel: 32560090-37
Fax: 92-21-32564503