Pakistan Gum and Chemicals Limited’s financial results for the half year ended 30th June 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday 24th of August 2011 at 11:00 a.m. at the PakChem premises 9-19/A Irshad Qadri Road, S.I.T.E., Karachi, recommended the following:

 

1.Cash DividendNIL
2.Bonus SharesNIL
3.Right SharesNIL
4.Any Other Entitlement/Corporate ActionNIL
5.Any Other Price-Sensitive InformationNIL

 

 

The financial results of the Company are as follows:

 

Half Year Ended

Qaurter Ended

June 2011

June 2010

June 2011

June 2010

Rs.000

Rs.000

Rs.000

Rs.000

Net Sales588,979416,542358,285198,382
Cost of Sales (512,460)(372,996) (304,857) (181,857)
———– ———–———–———–
Gross profit76,51943,54653,42816,525
Distribution and shipping costs (9,117)(14,011) (8,278) (5,809)
Administrative expenses (15,370)(11,869)(5,547)(6,306)
Other Operating Expenses (2,119)(399)(1,664)83
Other Operating Income363901138448
 ———–———–———–———–
(26,243)(25,378)(15,351) (11,584)
 ———–———–———–———–
Operating profit50,27618,16838,0774,941
Finance Cost(12,168)(11,569) (7,070)(5,524)
 ———–———–———–———–
Profit before taxation 38,1086,56931,007(583)
Taxation – current (9,885) (4,215)(6,664)(2,005)
 ———–———–———– ———–
Net profit for the year 28,2232,384 24,363(2,588)
———–———–———–———–
Earning per share – Basic and dilutedRs.6.64Rs.0.56Rs.5.73Rs.0.61

 

 

For more information, contact:
Pakistan Gum and Chemicals Limited
2nd Floor, State Life Building No, 6 Habib Square,
M.A. Jinnah Road, Karachi-74000, Pakistan
Phone: +92 21-32410484
Fax : +92-21-32411522
e-mail: inquiries@pakgum.com