Shield Corporation Limited’s financial results for the period ended September 30, 2012

Karachi, October 24, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Monday October 24, 2012 at 11:00 a.m. at registered office situated at 509, Business Avenue, Block 6, P.E.C.H.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 First Quarter ended

September 30, 2012

September 30, 2011

(Rupees)

(Rupees)

Net sales

296,816,109

252,152,498

Cost of sales

(215,900,023)

(189,184,165)

———–

———–

Gross profit

80,916,086

62,968,333

Selling and distribution expenses

(67,984,847)

(41,613,409)

Administrative and general expenses

(5,306,175)

(3,870,014)

Other operating expenses

(373,572)

(2,323,185)

Other operating income

491,879

218,507

———–

———–

Operating profit

7,743,371

15,380,232

Finance costs

(4,551,354)

(5,770,903)

———–

———–

Profit before taxation

3,192,017

9,609,329

Taxation

(955,000)

(4,160,000)

———–

———–

Profit after taxation

2,237,017

5,449,329

Other comprehensive income

-

-

———–

———–

Total comprehensive income for the period

2,237,017

5,449,329

———–

———–

Earning per share-basic and diluted

0.57

1.40

For more information, contact:
M Zaid Kaliya
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