Pakistan Suzuki Motor Company Limited’s financial results for the half year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors at its meeting held on August 18, 2011 approved the unaudited accounts for the year ended June 30, 2011. The financial results of the Company are as follows:

 

Half Year EndedQuarter Ended
June 30,June 30,June 30,June 30,
2011201020112010
 (Rupees in thousand)(Rupees in thousand)
Turnover 23,250,70621,930,00110,680,95811,894,186
Cost of sales(22,427,028)(21,226,005)(10,200,184)(11,332,052)
Gross profit823,678703,996480,774562,134
Distribution cost(139,700)(125,444)(68,828)(56,665)
Administrative expenses(190,603)(173,986)(352,864)(316,032)
———-———-———-———-
 331,114262,520221,343331,483
Finance cost (9,259)(19,900)(4,661)7,714
Other operating income270,981311,983139,463167,718
———-———- ———-———-
592,836554,603356,145506,915
Workers’ profit participation fund(29,548)(27,730) (17,713)(25,345)
Workers’ welfare fund (15,400)(12,583)(10,902)(11,100)
Donations (1,892)-(1,892) -
 ———-———-———-———-
(46,840)(40,313)(30,507)(36,445)
———- ———-———-———-
Profit before taxation545,996514,290325,638470,470
Taxation(267,107) (234,931)(138,174)(173,502)
———-———-———-———-
Net profit for the period278,889279,359187,464296,968
———-———-———-———-
RupeesRupees
Basic earnings per share 3.393.392.283.61

 

Half yearly report 2011 will soon be available on our website www.paksuzuki.com.pk

For more information, contact:
Hiropumi Nagao
Chief Executive
Pakistan Suzuki Motor Company Limited
DSU-13, Pakistan Steel Industrial Estate,
Bin Qasim, Karachi – 75000.
Tel: (92-21) 34723551-58
Fax: (92-21) 34723521-23