Pioneer Cement Limited’s financial results for the year ended June 30, 2012

Karachi, November 07, 2012 (PPI-OT): We have to inform you that the Board of Directors of the Company in their meeting held at Lahore on 07 November, 2012 recommended the following:

(i) Cash Dividend                                     Nil

(ii) Bonus Issue                                      Nil

(iii) Right Shares                                    Nil

(iv) Any Other Entitlement/ Corporate Action          Nil

(v) Any Other Price Sensitive Information             Nil

The financial results of the Company are attached.

We will be sending you required number of copies of printed accounts for distribution amongst the members of your stock exchange.

Profit and Loss Account for the Year Ended 30 June 2012

2012

2011

Note

Rupees in ’000′

Gross turnover

29

8,045,552

6,941,622

Federal excise dutyincluding special excise duty
Rs. Nil (2011: Rs. 66,612,941)]

494,261

769,157

Sales tax

998,854

858,383

Commission

65,310

41,194

———

———

1,558,425

1,668,734

———

———

Net turnover

6,487,127

5,272,888

Cost of sales

30

4,900,107

4,531,162

———

———

Gross profit

1,586,960

741,726

Distribution costs

31

78,800

150,576

Administrative expenses

32

61,907

52,321

Other operating income

33

(20,259)

(20,197)

Other operating expenses

34

58,122

16,132

———

———

178,570

198,832

Operating profit

1,408,390

542,894

Finance costs

35

328,024

357,916

Exchange loss

156,026

113,154

———

———

484,050

471,070

———

———

Profit before taxation

924,340

71,824

Taxation

36

322,823

(48,826)

———

———

Profit after taxation

601,517

120,650

———

———

(Rupees)

(Rupees)

Basic and diluted earnings per share

37

2.65

0.54

The annexed notes from 1 to 45 form art integral part of these financial statements.

For more information, contact:
Syed Anwar Ali
Company Secretary
Pioneer Cement Limited
66- Garden Block,
New Garden Town, Lahore
Tel: 042-33831462-63
Fax: 042-35831462
Website: www.poineercement.com
Email: Shares@pioneercement.com