AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: We have to inform you that the Board of Directors of our Company in their Meeting held on Friday 28th of October, 2011 at 10:00 a.m. at the PakChem Premises, B-19/A, Irshad Qadri Road, S.I.T.E. Karachi, recommended the following:
(i) Cash Dividend Nil
(ii) Bonus Shares Nil
(iii) Right Shares Nil
(iv)Any Other Entitlement / Corporate Action Nil
(v) Any Other Price-Sensitive Information Nil
The financial results of the Company are as follows:
|
Period Ended |
Quarter Ended |
|||
|
Jan-Sep |
Jan-Sep |
Jul-Sep |
Jul-Sep |
|
|
2011 |
2010 |
2011 |
2010 |
|
| Rs. ‘000 | Rs. ‘000 | Rs. ‘000 | Rs. ‘000 | |
| Turnover – net | 993,652 | 566,586 | 404,673 | 150,044 |
| Cost of Sales | (852,652) | (522,758) | (340,192) | (149,762) |
| ——- | ——- | ——- | ——- | |
| Gross profit | 141,000 | 43,828 | 64,481 | 282 |
| Distribution and shipping costs | (13,805) | (17,099) | (4,688) | (3,088) |
| Administrative expenses | (26,404) | (17,142) | (11,034) | (5,273) |
| Other Operating Expenses | (5,432) | – | (3,313) | 399 |
| Other Operating Income | 554 | 1,479 | 191 | 578 |
| ——- | ——- | ——- | ——- | |
| (45,087) | (32,762) | (18,844) | (7,384) | |
| ——- | ——- | ——- | ——- | |
| Operating profit | 95,913 | 11,066 | 45,637 | (7,102) |
| Finance Cost | (17,614) | (13,460) | (6,580) | (3,880) |
| Other charges | (2,279) | (1,989) | (1,145) | – |
| ——- | ——- | ——- | ——- | |
| Profit before taxation | 76,020 | (4,383) | 37,912 | (10,982) |
| Taxation – current | (17,383) | (5,665) | (7,498) | (1,450) |
| ——- | ——- | ——- | ——- | |
| Net profit for the year | 58,637 | (10,048) | 30,414 | (12,432) |
| ——- | ——- | ——- | ——- | |
| Earnings per share – basic and diluted | Rs. 13.80 | Rs. 2.37 | R. 7.16 | Rs. 2.93 |
For more information, contact:
Pakistan Gum and Chemicals Limited
Tel: +92-21 3258 1124-26
Fax: +92-21 3256 1320
E-mail; pakchem@cyber.net.pk
Website: www.pakchem.com.pk