Shield Corporation Limited’s financial results for the period ended March 31, 2012

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Friday April 13, 2012 at 11:30 a.m. at registered office situated at 509, Business Avenue, Block 6, P.E.CH.S, Shahrah-e-Faisal, Karachi recommended the following:

i) Cash Dividend           Nil

ii) Bonus Shares           Nil

iii) Right Shares          Nil

The financial results as approved by the Board of Directors of the Company are as follows:

 

	For the Third Quarter ended		For the Nine Months ended
	March 31, 2011	March31, 2012	March 31, 2011	March31, 2012
	(Rupees)	(Rupees)	(Rupees)	(Rupees)
Net Sales	260,979,271	210,481603	813,205,073	615,849,413
Cost of Sales	(176,505,540)	(154,541,194)	(590,162,900)	(447,914,011)
	———–	———–	———–	———–
Gross profit	84,473,731	55,940,409	223,042,173	167,935,402
Selling and distribution expenses	(54,686,630)	(39,005,504)	(148,780,307)	(144,863,261)
Administrative and general expenses	(5,785,779)	(2,020,312)	(14,163,805)	(11,022,897)
Other operating expenses	(2,597,979)	(2,940,836)	(6,031,717)	(4,398,447)
Other operating Income	467,563	219,994	1,155,677	851,524
	———–	———–	———–	———–
Operating profit	21,870,906	12,193,751	55,222,021	38,502,321
Finance costs	(4,010,370)	(3,663,480)	(14,953,565)	(10,304,868)
	———–	———–	———–	———–
Profit before taxation	17,860,536	8,530,271	40,268,456	28,197,453
Taxation	(2,075,630)	(3,734,266)	(8,040,630)	(8,232,952)
	———–	———–	———–	———–
Profit after taxation	15,784,906	4,796,005	32,227,826	19,964,501
Other comprehensive income	–	–	–	–
	———–	———–	———–	———–
Total comprehensive income for the year	15,784,906	4,796,005	32,227,826	19,964,501
	———–	———–	———–	———–
Earnings per share – basic and diluted	4.05	1.23	8.26	5.12

 

For more information, contact:
M. Zahid Kalliya
Company Secretary
Shield Corporation Limited
509, Business Avenue Block-6,
P.E.C.H.S. Shahrah-e-Faisal,
Karachi-75400, Pakistan.
Tel: (92-21) 34385003-4
Fax: (92-21) 34556344
Website: www.shield.com.pk
E-mail: mail@shiedl.com.pk