Skip to Content

Dawood Lawrencepur Limited’s financial results for the three months period ended March 31, 2012

Be First!

Karachi: We have to inform you that the Board of Directors of our Company in its Meeting held on April 26, 2012 at 1530 hours at Dawood Centre, M.T. Khan Road, Karachi, has approved the unaudited Stand Alone and Consolidated Financial Statements of the Company for the three months period ended March 31, 2012 and recommended the following:

i) Cash Dividend                                    Nil

ii) Bonus Shares                                    Nil

iii) Right Shares                                   Nil

iv) Any Other Entitlement / Corporate Action        Nil

v) Any Other Price Sensitive Information            Nil

Summary of the financial results are enclosed herewith as Annexure ‘A’ and Annexure ‘B’.

The unaudited financial statements of the Company for the three months period ended March     31, 2012 will be placed on the Company’s Website i.e. http://www.dawoodlawrencepur.com and requisite copies of printed financial statements will be sent to you for distribution amongst Members of the Exchange in due course.

Additionally, the financial statements shall also be emailed to the Exchanges in Portable Document Format (PDF) to enable the Exchanges to place the same on their websites.

Annexure ‘A’

Financial Results for the First Quarter Ended March 31, 2012

Quarter ended

Quarter ended

31-Mar-2012

31-Mar-2011

(Un-audited)

(Un-audited)

Rupees in ‘000

Continuing Operations
Sales – net

86,950

75,819

Cost of goods sold

(67,204)

(63,515)

——-

——

Gross profit

19,746

12,304

Operating expenses
Selling and distribution

(3,281)

(2,844)

Administrative expenses

(17,366)

(13,970)

Other operating income

93,846

24,459

——-

——

73,199

7,645

——-

——

Profit before taxation

92,945

19,949

Provision for taxation

(1,422)

(867)

——-

——

Profit after taxation from continuing operations

91,523

19,082

Discontinued Operations
Profit/ (loss) from discontinued operations

15,613

(6,224)

——-

——

Profit for the quarter

107,136

12,858

——-

——

Earnings per share – Basic and diluted
Continuing operations (Rs.)

1.55

0.32

——-

——

Earnings per share – Basic and diluted
Discontinued operations (Re.)

0.26

(0.11)

Annexure ‘B’

Financial Results (Consolidated) for the First Quarter Ended March 31, 2012

Quarter ended

Quarter ended

31-Mar-2012

31-Mar-2011

(Unaudited)

(Unaudited)

Rupees in ‘000

Continuing Operations
Sales – net

86,950

75,819

Cost of goods sold

(67,204)

(63,515)

——-

——-

Gross profit

19,746

12,304

Operating expenses
Selling and distribution

(3,281)

(2,844)

Administrative expenses

(21,308)

(16,844)

Other operating income

18,571

24,360

——-

——-

(6,018)

4,672

——-

——-

Profit from operations

13,728

16,976

Finance cost

(137)

(134)

Impairment loss on available for sale’ investments of
associated company

(37,988)

(387)

Share of profit from associates excluding impairment
loss on ‘available for sale investments

110,876

245,395

——-

——-

72,752

244,874

——-

——-

Profit before taxation

86,479

261,850

Provision for taxation
– Current

(1,576)

(886)

– Share of taxation from associate

(2,445)

(71,610)

——-

——-

(4,021)

(72,496)

——-

——-

Profit after taxation from continuing operations

82,458

189,354

Discontinued Operations
Profit / (loss) from discontinued operations

15,613

(6,224)

——-

——-

Profit for the quarter

98,071

183,130

——-

——-

Earnings per share – Basic and diluted
Continuing operations (Rs.)

1.40

3.21

——-

——-

Earnings per share – Basic and diluted
Discontinued operations (Rs.)

0.26

(0.11)

For more information, Contact:
Hafsa Shamsie
Company Secretary
Dawood Lawrencepur Limited
Karachi Dawood Centre,
M. T. Khan Road. Karatchi-75530,
Tel: (92-21) 35588001-16
Fax: (92-21) 35633970

Previous
Next

Leave a Reply