Otsuka Pakistan Limited’s financial results for the half yearly period ended December 31, 2011
Karachi: We have to inform you that the Board of Directors of our company in their Meeting held on today, February 27, 2012 at 10:30 a.m., recommended the following;
1. Cash Dividend
Nil
The financial results of the Company are as follows;
Profit and Loss Account
For the half year ended December 31, 2011
Half year ended | Quarter ended | |||
December 31, | December 31, | |||
2011 | 2010 | 2011 | 2010 | |
| Net sales | 851,849 | 697,028 | 448,622 | 348,588 |
| Cost of sales | (634,712) | (524,909) | (306,738) | (262,271) |
| ———- | ———- | ———- | ———– | |
| Gross profit | 217,137 | 172,119 | 141,884 | 861,317 |
| Selling and distribution expenses | (104,766) | (93,626) | (57,804) | (49,272) |
| Administrative and general expenses | (39,074) | (29,684) | (23,535) | (15,173) |
| ———- | ———- | ———- | ———– | |
| 73,297 | 48,809 | 60,445 | 21,872 | |
| Other operating income | 8,254 | 4,451 | 1,477 | 1,899 |
| ———- | ———- | ———- | ———– | |
| 81,551 | 53,260 | 61,922 | 23,771 | |
| Other operating charges | (15,468) | (9,951) | (12,924) | (3,042) |
| ———- | ———- | ———- | ———– | |
| Operating profit | 66,083 | 43,309 | 48,998 | 20,729 |
| Finance cost | (11,906) | (11,347) | (6,526) | (6,357) |
| ———- | ———- | ———- | ———– | |
| Profit for the period before taxation | 54,177 | 31,962 | 42,470 | 14,372 |
| Taxation – net | (21,093) | (11,601) | (17,140) | (5,211) |
| ———- | ———- | ———- | ———– | |
| Profit for the period after taxation | 33,084 | 20,361 | 25,330 | 9,161 |
iii) Basic Earning Per Share
The basic earning per share is Rs. 3.31 for the half year ended December 31, 2011 (December 31, 2010 was Rs. 2.04) and for the quarter ended December 31, 2011 is Rs. 2.53 (December 31, 2010 was Rs. 092).
We will be sending you 300 copies of printed accounts for distribution amongst the member of the Exchange. These accounts can also be viewed at our website www.otsuka.pk.
For more information, Contact:
Otsuka Pakistan Limited,
30-B, Sindhi Muslim Co-operative Housing Society,
Karachi- 74000, Pakistan,
Phones: (+92 21) 34528651
Fax: (+9221) 34549857