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Karachi, August 23, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their Meeting held on Thursday, 23rd of August 2012 at 10:00 at the Company premises, B-19/A, Irshad Qadri Road, SITE., Karachi recommended the following.
1. Cash Dividend Nil
2. Bonus Shares Nil
3. Right Shares Nil
The financial results of the Company are as follows:
| Half year Ended | Quarter Ended | |||
| Jun-30 | Jun-30 | Jun-30 | Jun-30 | |
| 2012 | 2011 | 2012 | 2011 | |
| Rs. ‘000 | Rs. ‘000 | Rs. ‘000 | Rs. ‘000 | |
| Net Sales | 1,264,823 | 588,979 | 695,607 | 358,285 |
| Cost of Sales | (930,356) | (512,460) | (500,216) | (304,857) |
| ——— | ——— | ———- | ———- | |
| Gross profit | 334,467 | 76,519 | 195,391 | 53,428 |
| Distribution and shipping costs | (13,717) | (9,117) | (12,899) | (8,278) |
| Administrative expenses | (28,214) | (15,370) | (5,526) | (5,547) |
| Other Operating Expenses | (19,388) | (2,119) | (12,188) | (1,664) |
| Other Operating Income | 2,040 | 363 | 1,597 | 138 |
| ——— | ——— | ———- | ———- | |
| (59,279) | (26,243) | (29,016) | (153,351) | |
| ——— | ——— | ———- | ———- | |
| Operating profit | 275,188 | 50,276 | 166,375 | 38,077 |
| Finance Cost | (12,246) | (12,168) | (4,798) | (7,070) |
| ——— | ——— | ———- | ———- | |
| Profit before taxation | 262,942 | 38,108 | 16,577 | 31,007 |
| Taxation – Current | (26,459) | (9,885) | (6,459) | (6,644) |
| ——— | ——— | ———- | ———- | |
| Net profit for the year | 236,483 | 28,223 | 155,118 | 24,363 |
| ——— | ——— | ———- | ———- | |
| Earning per Share – Basic and diluted | Rs.55.60 | Rs.6.64 | Rs.36.51 | Rs.5.73 |
| ——— | ——— | ———- | ———- | |
For more information, contact:
Muhammad Ilyas
Company Secretary
Pakistan Gum and Chemicals Limited
Tel: +92-21 3256 1124-26
Fax: +92-21 3256 1320
E-mail; pakchem@cyber.net.pk
Website: www.pakchem.com.pk