Pakistan Cables Limited’s financial results for the quarter and six months ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Wednesday, the 25th January 2012 at 10:30 am at 101-Beaumont Plaza, 10 Beaumont Road, Karachi, has approved the Interim Accounts for the above-mentioned period.

The financial results of the company for the quarter and six months ended December 31, 2011 along with the comparative figures for the corresponding period of last year are as follows:

Condensed Interim Profit and Loss Account (un-audited) for the Quarter and Six Months Ended December 31, 2011

 

Six months period ended

Three months period ended

31

31

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December

December

December

December

2011

2010

2011

2010

(Rupees in ‘000)

(Rupees in ‘000)

Net sales   2,669,591   1,887,778  1,330,344 1,096,932
Cost of sales (2,359,729) (1,652,232)  (1,155,924) (969,458)
 ———  ———  ——— ———
Gross profit   309,862  235,546 174,420  127,474
Selling cost   (90,361)   (75,518)  (54,072) (41,405)
Administrative expenses   (54,981) (47,490) (28,964)  (26,286)
——— ——— ———    ———
 (145,342)  (123,008)  (83,036) (67,691)
 ———   ———   ——— ———
164,520 112,538  91,384  59,783
Other operating expenses  (40,566)  (8,593)   (23,927) 7
Other operating income   5,464   5,483 2,348 2,893
 ———   ——— ———  ———
129,418 109,428 69,805   62,683
Finance cost  (24,977)  (65,725)   (10,924)  (28,459)
Share of profit from associates 5,633   3,067 1,883   599
Impairment loss on investments in associates   (30,000) (7,000) (25,000)  (7,000)
 ———      ———       ———       ———
Profit before taxation  80,074 39,790 35,764  27,823
Taxation   (39,000) (16,200) (23,500) (12,200)
 ———   ———   ——— ———
Profit after taxation  41,074  23,590   12,264   15,623
———  ——— ———   ———
Earning per share – basic and diluted   Rs. 1.44 Rs. 1.03 Rs. 0.43   Rs. 0.64

 

For more information, contact:
Aslam Sadruddin
Finance Director and
Company Secretary
Pakistan Cables Limited
P. O. Box No. 5050, B-21 S.I.T.E.,
Karachi-7500, Pakistan
Phones: 32601170-75
Fax: 92-21-32564614
E-mail: info@pakistancables.com
Website: www.pakistancables.com