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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  604,494411,274 306,065255,660
  ——- ——-  ——-——-
Gross profit 245,262145,092115,68973,803
Administration and general expenses71,854 58,916   35,198   31,931
   ——-   ——- ——-——-
 173,408   86,176  80,491  41,872
Other operating income120,956 111,296 57,03049,916
 ——-   ——- ——- ——-
 294,364197,472  137,521 91,788
Other operating charges  20,63415,1889,2617,531
Impairment loss on ‘available
for sale’ investment2,736
——-——-——- ——-
273,730 179,548128,26084,257
Finance costs 22,9552,713 11,344  1,335
 ——-——-  ——- ——-
Profit before taxation 250,775176,835116,916 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 61,53145,86634,354
Profit after taxation  158,850115,30471,05048,568
 (Rupees)
Earnings per share  3.86 2.801.73 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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