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Karachi, February 25, 2013 (PPI-OT): We have to inform you that the Board of Directors of the Company in their meeting held on Friday 22 February 2013 at 3:30 p.m. at the registered office of the Company at Lakson Square, Building No.2, Sarwar Shaheed Road, Karachi considered and approved the unaudited financial statements duly reviewed by the Auditors of the Company for the half year ended 31 December 2012.
The financial results of the Company are as follows:
|
Half year ended |
Quarter ended |
|||
|
December |
December |
December |
December |
|
|
31, |
31, |
31, |
31, |
|
|
2012 |
2011 |
2012 |
2011 |
|
|
(Rupees in thousand) |
||||
| Sales-net |
705,545 |
879,268 |
387,043 |
457,690 |
| Cost of sales |
(681,530) |
(799,399) |
(365,325) |
(416,640) |
|
———- |
——— |
——— |
——— |
|
| Gross profit |
24,015 |
79,869 |
21,718 |
41,150 |
| General and administrative expenses |
(16,463) |
(15,965) |
(8,477) |
(7,604) |
| Selling expenses |
(13,580) |
(10,553) |
(7,474) |
(5,352) |
| Other operating income |
1,690 |
3,757 |
1,013 |
1,262 |
| Other operating expenses |
(1,004) |
(1,865) |
(417) |
(1,477) |
|
———- |
——— |
——— |
——— |
|
|
(29,337) |
(24,626) |
(15,326) |
(13,171) |
|
|
———- |
——— |
——— |
——— |
|
| Operating (loss)/ profit |
(5,322) |
55,243 |
6,393 |
27,979 |
| Financial charges |
(50,671) |
(53,661) |
(24,444) |
(26,850) |
|
———- |
——— |
——— |
——— |
|
| (Loss) /profit before taxation |
(55,993) |
1,582 |
(18,051) |
1,129 |
| Taxation |
311 |
(3,222) |
(1,945) |
(3,070) |
|
———- |
——— |
——— |
——— |
|
| Net loss for the period |
(55,682) |
(1,640) |
(19,996) |
(1,941) |
|
———- |
——— |
——— |
——— |
|
| Loss per share-basic and diluted | ||||
| (Rupees) |
Rs. (11.74) |
Rs. (0.36) |
Rs. (4.22) |
Rs. (0.41) |
For more information, contact:
(Tasleemuddin A. Batlay)
Director
Merit Packaging Limited
Registered Office and Corporate Department
Lakson Square, Building No.2,
Sarwar Shaheed Road,
Karachi-74200, Pakistan
Ph: 3569 8000
Fax: 92-21-3568 6571