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Berger Paints Pakistan Limited’s financial results for the half year ended from July 01, 2012 to December 31, 2012

Be First!

Karachi, February 26, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on February 26, 2012 at 12:00 A.M. at 36 Industrial Estate, Kot Lakhpat Lahore has approved the following:

Financial Results

The financial results of the Company for the period ended December 31, 2012 are as follows:

Profit and Loss Account

For the half year ended

For the quarter ended

31 December

31 December

31 December

31 December

2012

2011

2012

2011

(Rupees in thousand)

Sales-net

2,027,506

1,946,961

1,025,391

963,455

Cost of sales

(1,600,193)

(1,558,033)

(805,099)

(769,258)

———

———

———

——-

Gross profit

427,313

388,928

220,292

194,197

Administrative expenses

(74,108)

(70,860)

(34,446)

(35,501)

Distribution expenses

(271,252)

(254,455)

(149,849)

(148,816)

———

———

———

——-

(345,360)

(325,315)

(184,295)

(184,317)

———

———

———

——-

Operating profit

81,953

63,613

35,997

9,680

Other operating income

26,951

42,009

19,017

33,989

———

———

———

——-

108,904

105,622

55,014

43,860

Finance cost

(86,468)

(108,629)

(41,675)

(55,534)

Other Operating expenses

(1,333)

(9,574)

(1,333)

(5,968)

———

———

———

——-

(87,801)

(118,203)

(43,008)

(61,502)

———

———

———

——-

Profit/ (Loss) before taxation

21,103

(12,581)

12,006

(17,633)

Taxation

(10,732)

(23,733)

(5,721)

(20,996)

———

———

———

——-

Profit/ (Loss) after taxation

10,371

(36,314)

6,285

(38,629)

———

———

———

——-

Profit/ (Loss) per share-bask and diluted-Rupees

0.57

(2.00)

0.35

(2.12)

For more information, contact:
Abdul Wahid Qureshi
Company Secretary
Berger Paints Pakistan Limited
36 Industrial Estate,
Kot Lakhpat, Lahore,
Phones: 042-5151545-48
Fax: 042-5151549
Web: www.berger.com.pk

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