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Saturday, September 19th, 2020

Clariant Pakistan Limited’s financial results for the half ended 30 June 2011

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Karachi: We are pleased to inform you that Board of Directors of our Company in their meeting held on 28th July 2011 at 3.00 pm at 1-A/1, Sector 20, Korangi Industrial Area, Karachi have recommended the following:

 

1. Cash Dividend NIL
2. Bonus Shares NIL
3. Right Shares  NIL
4. Any other entitlement NIL
5. Books closure N.A.

 

We would also like to inform you that with reference to the proviso to Regulation No. 35 (xxvi) of the Code of Corporate Governance of Karachi Stock Exchange, the closed period was determined to be from 21st July 2011 to 28th July 2011 (both days inclusive).

Apart from the above, the financial statements will be transmitted through the Company’s web site www.clariant.com.pk for information of the shareholders and investors in general.

The financial results of the Company for the half year ended 30 June 2011along with comparative information are as follows:

 

Quarter ended

Half year ended

30 June

30 June

2011

2010

2011

2010

Net Sales 2,224,647 2,333,678 4,602,721 4,455,844
Cost of goods sold 1,689,179 1,793,691 3,481,768 3,422,782
——— ——— ——— ———
Gross Profit 535,468 539,987 1,120,953 1,033,062
Distribution and Marketing Expenses 148,121 137,942 295,028 264,460
——— ——— ——— ———
Administrative Expenses 51,813 39,233 96,612 79,141
Other Operating Income 12,167 9,963 31,237 23,121
Other Operating Expenses 18,843 24,803 48,369 51,400
——— ——— ——— ———
Operating Profit 328,858 347,972 712,181 661,182
Finance Cost 74,646 58,235 129,062 86,721
——— ——— ——— ———
Profit before Tax 254,212 289,737 583,119 574,461
Taxation 57,759 79,037 163,132 186,530
——— ——— ——— ———
Profit after Tax 196,453 210,700 419,987 387,931
——— ——— ——— ———
Earnings per share (Rupees) 5.76 6.18 12.31 11.37

For more information, contact:
M. Veqar Arif
Director/
Company Secretary
Mr. Irfan Lakhani
Manager Corporate affairs
Clariant Pakistan Limited
1-A/1, Sector 20, Korangi Industrial Area,
Karachi – 74900,
Pakistan.
UAN: +9221 111-275-000
Tel: +9221 5046710-19
Fax: +9221 5046712

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