Noon Pakistan Limited’s financial results for 2nd quarter ended 31 December, 2011

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Karachi: We have to inform you that the Board of Directors of the Company in their meeting held at Lahore on 27 February, 2011 recommended the following:

 

Cash Dividend (Ordinary Shares)	Nil
Cash Dividend (Non-Voting Ordinary Shares)	Nil
Bonus Issue	Nil
Right Shares	Nil
Any Other Entitlement/ Corporate Action	Nil
Any Other Price Sensitive Information	Nil

 

The financial results of the Company are attached.

We will be sending you required number of copies of printed accounts for distribution amongst the members of your stock exchange.

Noon Pakistan Limited

Condensed Interim Profit and-Loss Account (Un-Audited)

For The Quarter and Half-Year Ended 31 December, 2011

 

	Quarter ended		Half-year ended
	31 December,	31 December,	31 December,	31 December,
	2011	2010	2011	2010
Sales – net	818,975,369	720,902,263	1,609,011,136	1,365,976,556
Cost of Sales	701,599,328	833,657,622	1,391,734,930	1,186,241,234
	———–	———–	————-	————-
Gross Profit	117,376,041	87,244,661	217,276,206	179,735,322
Distribution Cost	56,379,963	49,735,576	99,972,430	89,557,920
Administrative Expenses	24,575,980	18,322,314	41,898,704	33,783,209
Other Operating Expenses	2,041,304	809,833	3,712,504	4,161,657
Other Operating Income	(7,451,739)	(4,946,927)	(15,622,864)	(7,654,250)
	———–	———–	————-	————-
	75,545,508	63,920,796	129,960,774	119,848,536
	———–	———–	————-	————-
Profit from Operations	41,830,533	23,323,865	87,315,432	59,886,786
Finance Cost	18,957,389	12,627,265	37,268,079	22,645,445
	———–	———–	————-	————-
Profit before Taxation	22,873,144	10,696,600	50,047,353	37,241,341
Taxation
– Current	(8,200,168)	7,238,686	16,116,806	13,689,429
– Deferred	(6,627,279)	2,526,300	(5,472,746)	456,719
	———–	———–	————-	————-
	1,572,889	9,764,986	10,644,060	14,146,148
Profit after Taxation	21,300,255	931,614	39,403,293	23,095,193
	———–	———–	————-	————-
	Restated	Restated
Earnings per share	1.53	0.07	2.83	1.66

 

The annexed notes form an integral part of this condensed interim financial information.

For more information, Contact:
Noon Pakistan Limited
66-Garden Block,
New Garden Town, Lahore,
Tel: 042-35831462-63
Fax: 042-35831462