Wyeth Pakistan Limited’s financial results for the quarter and nine months period ended August 31, 2011 (Unaudited)

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Thursday, September 22, 2011 at 11:30 AM at 12-Dockyard Road, West Wharf, Karachi, recommended the following:

Cash Dividend

An Interim Cash Dividend for the Nine Months period ended August 31, 2011 at Rs. Nil. Per share i.e. Nil %.

The financial results of the Company are as follows:

 

For the nine months

For the nine months

period ended

period ended

August 31,

August 31,

August 31,

August 31,

2011

2010

2011

2010

(Rupees ’000)

(Rupees ’000)

Net sales2,322,0911,712,813778,117512,891
Cost of sales1,718,4801,333,953567,001393,983
 —————— ——–——–
Gross profit 603,611 384,860211,116118,908
Selling, marketing and
distribution expenses295,823 252,283 98,81991,054
Administrative expenses62,841100,77318,80320,796
 —————— ——– ——–
 358,664 353,056 117,622111,850
—————— ——–——–
Operating profit 244,94731,80493,4947,058
Other operating income33,87311,2139,5136,019
 ——— ——— ——– ——–
278,82043,017103,00713,077
 —————— ——–——–
Other operating expenses34,0644,88115,3291,353
Finance cost1,2022,780601185
35,2667,66115,9301,538
 ——— ——— ——–——–
Profit before taxation243,554 35,35687,077 11,539
Taxation
Current – for the period98,487 32,20924,100 (3,111)
- for prior years12,500 - - -
Deferred (8,970) (6,127)1,091(1,734)
————————–——–
141,53726,082 25,191(4,845)
 ——— ——— ——– ——–
Profit after taxation141,537 9,274 61,88616,384
  ——— ———  ——– ——–

(Rupees)

(Rupees)

Earnings per share basic and diluted99.56  6.52 43.53  11.52

 

For more information, contact:
Abdul Majeed
Chairman and Chief Executive
Wyeth Pakistan Limited
S-33, Hawkes Bay Road, SITE.,
P.O. Box 167, Karachi- Pakistan
Tel: 32354651-80
UAN: 111 777 333
Fax: +92 (0) 21-3235-4681
E-mail: wyethpak@wyeth.eom