Wyeth Pakistan Limited’s financial results for the second quarter and six months period ended May 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday, July 25, 2011 at 11:00 A.M. at 12-Dockyard Road, West Wharf, Karachi, recommended the following:

Cash Dividend

An Interim Cash Dividend for the second quarter and six months period ended May 31, 2011 at Rs. NIL per share i.e. NIL %.

The financial results of the Company are as follows:

 

For the six months

For the three months

Period ended

Period ended

May 3, 2011May 31, 2011May 31, 2011May 31, 2011

(Rupees ‘000’)

(Rupees ‘000’)

Net sales1,543,9741,205,922791,012646,898
Cost of sales1,151,479939,970590,065507,950
———————————-
Gross profit392,495265,952200,947138,948
Selling, marketing and distribution
expenses197,004161,22988,567106,923
Administrative expenses44,03879,97722,01454,625
———————————-
141,042241,206110,581161,548
Operating profit / (loss)151,45324,74690,366(22,600)
Other operating income24,3605,19415,1142,257
———————————-
175,81329,940105,480(20,343)
Other operating expenses18,7353,52811,285504
Finance Cost6012,595462254
———————————-
19,3366,12311,747758
———————————-
Profit / (loss) before taxation156,47723,81793,733(21,101)
Taxation
Current – for the period74,38735,32038,44411,331
for prior years12,500-12,500-
Deferred(10,061)(4,393)(4,032)(5,097)
———————————-
76,826 30,92746,9126,234
———————————-
Profit / (loss) after taxation79,651(7,110)46,821(27,335)
———————————-
RupeesRupeesRupeesRupees
Earnings / (loss) per share- basic and diluted56.03(5.00)32.94(19.22)

 

For more information, contact:
Iqbal Bengali
Chairman and Chief Executive
Wyeth Pakistan Limited
S-33, Hawkes Bay Road,
S.I.T.E.,
P.O. Box: 167,
Karachi – Pakistan
Tel: +9221 32354651-60
UAN: +9221 111 777 333
Fax: +9221 3236-4681
E-mail: wyethpak@wyeth.com