Shield Corporation Limited’s financial results for the period ended March 31, 2012

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Friday April 13, 2012 at 11:30 a.m. at registered office situated at 509, Business Avenue, Block 6, P.E.CH.S, Shahrah-e-Faisal, Karachi recommended the following:

i) Cash Dividend           Nil

ii) Bonus Shares           Nil

iii) Right Shares          Nil

The financial results as approved by the Board of Directors of the Company are as follows:

 

For the Third Quarter ended For the Nine Months ended
March 31, 2011 March31, 2012 March 31, 2011 March31, 2012
(Rupees) (Rupees) (Rupees) (Rupees)
Net Sales 260,979,271 210,481603 813,205,073 615,849,413
Cost of Sales (176,505,540) (154,541,194) (590,162,900) (447,914,011)
———– ———– ———– ———–
Gross profit 84,473,731 55,940,409 223,042,173 167,935,402
Selling and distribution expenses (54,686,630) (39,005,504) (148,780,307) (144,863,261)
Administrative and general expenses (5,785,779) (2,020,312) (14,163,805) (11,022,897)
Other operating expenses (2,597,979) (2,940,836) (6,031,717) (4,398,447)
Other operating Income 467,563 219,994 1,155,677 851,524
———– ———– ———– ———–
Operating profit 21,870,906 12,193,751 55,222,021 38,502,321
Finance costs (4,010,370) (3,663,480) (14,953,565) (10,304,868)
———– ———– ———– ———–
Profit before taxation 17,860,536 8,530,271 40,268,456 28,197,453
Taxation (2,075,630) (3,734,266) (8,040,630) (8,232,952)
———– ———– ———– ———–
Profit after taxation 15,784,906 4,796,005 32,227,826 19,964,501
Other comprehensive income - - - -
———– ———– ———– ———–
Total comprehensive income for the year 15,784,906 4,796,005 32,227,826 19,964,501
———– ———– ———– ———–
Earnings per share – basic and diluted 4.05 1.23 8.26 5.12

 

For more information, contact:
M. Zahid Kalliya
Company Secretary
Shield Corporation Limited
509, Business Avenue Block-6,
P.E.C.H.S. Shahrah-e-Faisal,
Karachi-75400, Pakistan.
Tel: (92-21) 34385003-4
Fax: (92-21) 34556344
Website: www.shield.com.pk
E-mail: mail@shiedl.com.pk