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Security Papers Limited’s financial results for the half-year ended December 31, 2011

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Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on Thursday, January 26, 2012 at 12:00 noon at Karachi, have approved the Financial Statements for the half-year ended December 31, 2011. The financial results of the Company are enclosed herewith.

Copy forwarded to the Additional Registrar, Securities and Exchange Commission of Pakistan, National Insurance Corporation Building, Jinnah Avenue, Islamabad.

Condensed Interim Profit and Loss Account (Un-audited) for the Six Months Ended 31 December 2011

 

Six months period ended

Three months period ended

31 December

31 December

2011

2010

2011

2010

 (Rupees in ‘000)
Sales – net  849,756  556,366  421,754  329,463
Cost of sales   604,494 411,274  306,065 255,660
  ——-  ——-   ——- ——-
Gross profit  245,262 145,092 115,689 73,803
Administration and general expenses 71,854  58,916    35,198    31,931
   ——-    ——-  ——- ——-
 173,408    86,176   80,491   41,872
Other operating income 120,956  111,296  57,030 49,916
 ——-    ——-  ——-  ——-
 294,364 197,472   137,521  91,788
Other operating charges   20,634 15,188 9,261 7,531
Impairment loss on ‘available
for sale’ investment 2,736
——- ——- ——-  ——-
273,730  179,548 128,260 84,257
Finance costs  22,955 2,713  11,344   1,335
 ——- ——-   ——-  ——-
Profit before taxation  250,775 176,835 116,916  82,922
Taxation
Current   85,816  64,043   38,588  61,509
Prior    (1,525) (405)  (1,525)  (405)
Deferred   7,634  (2,107)  8,803  (26,750)
  ——- ——-  ——-   ——-
91,925  61,531 45,86 634,354
Profit after taxation   158,850 115,304 71,050 48,568
 (Rupees)
Earnings per share   3.86  2.80 1.73  1.18

 

 

For more information, contact:
Mrs. Naiyer Muzafar Husain
Chief Executive
Security Papers Limited
Jinnah Avenue, Malir Halt,
Karachi – 75100,
Ph: (92)-021-9248285
Fax No: (92)-021-92 48286

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