Pak Elektron Limited’s financial results for the 2nd quarter (Half Year) ended 30, June 2011

Karachi: The Board of Directors of Pak Elektron Limited (PAEL) in their meeting held at 11:30 A.M. on Monday, August 29, 2011, at factory premises, 14-Kilometers Ferozepur Road, Lahore have approved the following financial Results of the Company for 2nd Quarter (Half Year) Ended June 30, 2011:

 

(Rupees in Thousand)

Half year ended

Quarter ended

 June 30, 2011 June 30, 2010June 30, 2011June 30, 2010
Revenue7,906,88312,253,938 4,560,3917,395,397
Less: Sales Tax and Discount 1,484,4701,625,980890,6721,102,329
  ———-———-———-———-
Revenue-Net6,422,41310,627,958 3,669,719 6,293,068
Cost of Sales5,518,6498,375,8663,189,2745,057,800
 ———-———-———-———-
Gross Profit903,7642,252,092 480,445 1,235,268
Other Operating Income12,37515,0737,11718,012
 ———- ———-———- ———-
 916,1392,267,165487,5621,253,280
 Distribution Cost379,879626,305200,334357,980
Administrative Expenses 299,199410,230 143,530           244,706
Other Operating Expenses 6,670 45,57735530,769
Finance Costs864,691752,187354,158386,222
Share of (Loss) / Profit of Associate (674)1,725(1,999) 1,189
  ———-  ———-———-———-
(Loss) / Profit before Taxation(634,974)434,591(212,814)234,792
Provision for Taxation64,224159,34236,69789,412
———-———- ———-———-
(Loss) / Profit for the Period (699,198)275,249(249,511) 145,380
———-———- ———-———-
Other Comprehensive Income- - - -
 ———-———-———-———-
Total Comprehensive (Loss) / Income (699,198)275,249(249,511) 145,380
 ———-———-———-———-
For the period
Earnings per share (Rs)
Basic(6.01)2.34 (2.17) (1.24)
  ———- ———-———-———-
Diluted(6.01)1.96(2.17)1.03

 

For more information, contact:
M. Omer Farooq
Company Secretary
Pak Elektron Limited
17 – Aziz Avenue, Canal Bank,
Gulberg – V Lahore – 54660,
Pakistan
P.O. Box No: 675
Tel: 92-42-5718274-77
Fax: 92-42-5762707
Email: saigolgroup@saigols.com