AsiaNet Pakistan 2012-03-12 13:12:03

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held at 11:00 a.m. today considered and approved the audited financial statements of the Company for the year ended December 31, 2011.The financial results of the Company are as follows:

 

2011

2010

(Rupees in thousands)

Gross Turnover 32,296,490 33,910,750
Less: Sales tax 4,568,921 4,925,476
Excise duty 15,140,587 15,062,922
———– ———–
12,586,982 13,322,352
Cost of sales 9,460,827 8,956,591
———– ———–
Gross Profit 3,126,155 4,365,761
Distribution and marketing expenses 2,254,522 2,560,141
Administrative expenses 963,612 813,395
3,218,134 3,373,536
———– ———–
Operating (loss) / profit (91,979) 992,225
Other expenses 152,247 71,934
———– ———–
(224,226) 920,291
Other income 22,167 93,663
———– ———–
(222,059) 1,013,954
Finance cost 308,690 137,275
———– ———–
(Loss)/profit before taxation (530,749) 876,679
Taxation (75,943) 304,117
———– ———–
(Loss) / Profit After Taxation (454,806) 572,562

Rupees

(Loss) / earnings per share – basic (7.39) 9.30

 

For more information, contact:
Philip Morris (Pakistan) Limited
(Formerly Lakson Tobacco Company Limited)
4th Floor, Bahria Complex-III,
M. T. Khan Road, Karachi
Tel: +92-213520 9600-01

Leave a Reply