Siemens (Pakistan) Engineering Company Limited’s financial results for the three months period ended December 31, 2012

Karachi, January 30, 2013 (PPI-OT): The Board of Directors of our Company in their meeting held on January 29, 2013 at 15.00 hours (Dubai time) at United Arab Emirates, Dubai approved the un-audited financial results of the Company for the three months period ended December 31, 2012 which are as follows:

Three months period

Three months period

ended December 31,

ended December 31,

2012

2011

(Rupees ‘000)

Net sales and services

2,932,092

3,470,372

Cost of sales and services

(2,708,639)

(3,143,778)

———

———

Gross profit

223,453

326,594

Marketing and selling expenses

(217,171)

(182,154)

General administrative expenses

(39,489)

(32,874)

———

———

(256,660)

(215,028)

———

———

(33,207)

111,566

Other operating income

1,533

3,560

Other operating expenses

3,093

(5,870)

———

———

Net other operating income/ (expenses)

4,626

(2,310)

———

———

Operating (loss)/ profit

(25,581)

109,256

Financial income

7,355

5,525

Financial expenses

(41,202)

(36,286)

———

———

Net finance costs

(33,847)

(30,761)

———

———

(Loss)/ profit before tax

(62,428)

78,495

Income tax reversal/ (expense)

19,708

(40,036)

———

———

Net (loss)/ profit for the period

(42,720)

38,459

———

———

Basic and diluted (loss)/ earnings per share (Rupees)

(5.18)

4.66

For more information, contact:
Siemens (Pakistan) Engineering Company Limited
B-72, Estate Avenue, S.I.T.E., Karachi
P.O. Box No: 7169
Tel: +92 (21) 3256 6212
Fax: +92(21) 3256 6803
Web: www.siemens.com
E-mail: mohammad.rafi@siemens.com

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