Karachi: We have to inform you that the Board of Directors of our Company in their Meeting held at 12:00 noon on Thursday, August 18, 2011 has recommended no cash dividend, bonus or right issue of the shares for the Half Year ended June 30, 2011. The financial results of the Company during this period are as follows:
| For the Half Year Ended | For the Quarter Ended | |||
| June 30, 2011 | June 30, 2010 | June 30, 2011 | June 30, 2010 | |
| (Rupees) | (Rupees) | (Rupees) | (Rupees) | |
| Net Sales | 3,684,990,567 | 3,423,831,898 | 2,008,398,862 | 1,783,844,280 |
| Cost of sales | (2,904,699,291) | (3,271,800,900) | (1,581,764,214) | (1,603,257,219) |
| ————- | ————- | ————- | ————- | |
| Gross Profit | 780,291,276 | 152,030,998 | 426,634,648 | 180,587,061 |
| ————- | ————- | ————- | ————- | |
| Distribution costs | (103,332,892) | (263,040,612) | (72,885,510) | (169,566,473) |
| Administrative expenses | (221,613,897) | (208,157,826) | (121,226,399) | (91,893,589) |
| Other operating expenses | (3,559,991) | (41,273) | (3,559,791) | – |
| Other operating income | 24,118,457 | 15,876,776 | 15,649,299 | 1,778,122 |
| ————- | ————- | ————- | ————- | |
| (304,388,323) | (455,362,935) | (182,022,401) | (259,681,940) | |
| ————- | ————- | ————- | ————- | |
| Operating Profit/ (Loss) | 475,902,953 | (303,331,937) | 244,612,247 | (79,094,879) |
| Finance costs | (481,564,713) | (384,393,493) | (468,039,224) | (208,409,159) |
| ————- | ————- | ————- | ————- | |
| Loss Before Taxation | (5,661,760) | (687,725,430) | (23,426,977) | (287,504,038) |
| Taxation – Current | (11,878,164) | (15,347,156) | (7,960,747) | (7,848,795) |
| ————- | ————- | ————- | ————- | |
| Net Loss for the Period | (17,539,924) | (703,072,586) | (31,387,724) | (295,352,833) |
| Other Comprehensive Income for the
Period net of Tax |
– | – | – | – |
| ————- | ————- | ————- | ————- | |
| Total Comprehensive Loss for the Period | (17,539,924) | (703,072,586) | (31,387,724) | (295,352,833) |
| ————- | ———— | ————- | ————- | |
| Loss per Share – Basic | (0.01) | (0.54) | (0.02) | (0.23) |
For more information, contact:
Sarah Farooq
Company Secretary
Lafrage Pakistan Cement Limited
18-8, Kaghan Road,
F-8 Markaz, Islamabad – Pakistan.
UAN: +92-51-111 111 722
Fax: +92-51-281 7300
Web: www.lafargepakistan.com.pk