Wyeth Pakistan Limited’s financial results for the second quarter and six months period ended May 31, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday, July 25, 2011 at 11:00 A.M. at 12-Dockyard Road, West Wharf, Karachi, recommended the following:

Cash Dividend

An Interim Cash Dividend for the second quarter and six months period ended May 31, 2011 at Rs. NIL per share i.e. NIL %.

The financial results of the Company are as follows:

 

	For the six months		For the three months
	Period ended		Period ended
	May 3, 2011	May 31, 2011	May 31, 2011	May 31, 2011
	(Rupees ‘000’)		(Rupees ‘000’)
Net sales	1,543,974	1,205,922	791,012	646,898
Cost of sales	1,151,479	939,970	590,065	507,950
	———	———	———	——-
Gross profit	392,495	265,952	200,947	138,948
Selling, marketing and distribution
expenses	197,004	161,229	88,567	106,923
Administrative expenses	44,038	79,977	22,014	54,625
	———	———	———	——-
	141,042	241,206	110,581	161,548
Operating profit / (loss)	151,453	24,746	90,366	(22,600)
Other operating income	24,360	5,194	15,114	2,257
	———	———	———	——-
	175,813	29,940	105,480	(20,343)
Other operating expenses	18,735	3,528	11,285	504
Finance Cost	601	2,595	462	254
	———	———	———	——-
	19,336	6,123	11,747	758
	———	———	———	——-
Profit / (loss) before taxation	156,477	23,817	93,733	(21,101)
Taxation
Current – for the period	74,387	35,320	38,444	11,331
for prior years	12,500	–	12,500	–
Deferred	(10,061)	(4,393)	(4,032)	(5,097)
	———	———	———	——-
	76,826	30,927	46,912	6,234
	———	———	———	——-
Profit / (loss) after taxation	79,651	(7,110)	46,821	(27,335)
	———	———	———	——-
	Rupees	Rupees	Rupees	Rupees
Earnings / (loss) per share- basic and diluted	56.03	(5.00)	32.94	(19.22)

 

For more information, contact:
Iqbal Bengali
Chairman and Chief Executive
Wyeth Pakistan Limited
S-33, Hawkes Bay Road,
S.I.T.E.,
P.O. Box: 167,
Karachi – Pakistan
Tel: +9221 32354651-60
UAN: +9221 111 777 333
Fax: +9221 3236-4681
E-mail: wyethpak@wyeth.com