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Karachi, July 26, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Friday, July 26, 2013 at 10:00 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, 2013 at Rs. Nil per share i.e. Nil%.
Financial Results
The financial results of the Company are as follows:
For the six months For the three months
period ended period ended
May 31, May 31, May 31, May 31,
2013 2012 2013 2012
(Rupees ‘000)
Continuing operations
Net sales 1,612,820 1,601,130 896,479 871,546
Cost of sales 1,195,295 1,207,917 688,195 658,236
--------- --------- ------- -------
Gross profit 417,525 393,213 208,284 213,310
Selling marketing and
distribution expenses 191,336 207,545 111,522 127,126
Administrative expenses 40,795 46,701 23,382 24,503
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232,131 254,246 134,904 151,629
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185,394 138,967 73,380 61,681
Other operating income 12,120 10,325 6,697 4,390
Other operating expenses 17,786 12,229 7,983 737
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(5,666) (1,904) (1,286) 3,653
--------- --------- ------- -------
Operating profit 179,728 137,063 72,094 65,334
Finance cost 102 87 55 50
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Profit before taxation 179,626 136,976 72,039 65,284
Taxation
- Current 68,033 39,049 30,642 11,072
- Deferred (3,695) (2,558) 2,947 (6,125)
--------- --------- ------- -------
64,338 36,491 33,589 4,947
--------- --------- ------- -------
Profit after tax from continuing
operations 115,288 100,485 38,450 60,337
Discontinued operations
(Loss)/ profit for the period
from discontinued operations
(net of tax) - (50) - 95
--------- --------- ------- -------
Profit for the period 115,288 100,435 38,450 60,432
--------- --------- ------- -------
Rupees Rupees
Earnings/ (loss) per share-basic
and diluted
- From continuing operations 81.10 70.68 27.05 42.44
--------- --------- ------- -------
- From discontinuing operations - (0.03) - 0.07
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For more information, contact:
Iqbal Bengali
Chairman/ Chief Executive
Wyeth Pakistan Limited
S-33, Hawks Bay Road, S.I.T.E.,
P. O. Box 167, Karachi – Pakistan
Tel: 32354651-60
UAN: 111 777 333
Fax: +92 (0) 21-3235-4681
E-mail: wyethpak@wyeth.com