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Financial Results

Pak Elektron Limited’s financial results for the 2nd quarter (Half Year) ended 30, June 2011

Karachi: The Board of Directors of Pak Elektron Limited (PAEL) in their meeting held at 11:30 A.M. on Monday, August 29, 2011, at factory premises, 14-Kilometers Ferozepur Road, Lahore have approved the following financial Results of the Company for 2nd Quarter (Half Year) Ended June 30, 2011:

 

(Rupees in Thousand)

Half year ended

Quarter ended

 June 30, 2011  June 30, 2010 June 30, 2011 June 30, 2010
Revenue 7,906,883 12,253,938  4,560,391 7,395,397
Less: Sales Tax and Discount  1,484,470 1,625,980 890,672 1,102,329
  ———- ———- ———- ———-
Revenue-Net 6,422,413 10,627,958  3,669,719  6,293,068
Cost of Sales 5,518,649 8,375,866 3,189,274 5,057,800
 ———- ———- ———- ———-
Gross Profit 903,764 2,252,092  480,445  1,235,268
Other Operating Income 12,375 15,073 7,117 18,012
 ———-  ———- ———-  ———-
 916,139 2,267,165 487,562 1,253,280
 Distribution Cost 379,879 626,305 200,334 357,980
Administrative Expenses  299,199 410,230  143,530           2 44,706
Other Operating Expenses  6,670  45,577 355 30,769
Finance Costs 864,691 752,187 354,158 386,222
Share of (Loss) / Profit of Associate  (674) 1,725 (1,999)  1,189
  ———-   ———- ———- ———-
(Loss) / Profit before Taxation (634,974) 434,591 (212,814) 234,792
Provision for Taxation 64,224 159,342 36,697 89,412
———- ———-  ———- ———-
(Loss) / Profit for the Period  (699,198) 275,249 (249,511)  145,380
———- ———-  ———- ———-
Other Comprehensive Income  –  –  –
 ———- ———- ———- ———-
Total Comprehensive (Loss) / Income  (699,198) 275,249 (249,511)  145,380
 ———- ———- ———- ———-
For the period
Earnings per share (Rs)
Basic (6.01) 2.34  (2.17)  (1.24)
  ———-  ———- ———- ———-
Diluted (6.01) 1.96 (2.17) 1.03

 

For more information, contact:
M. Omer Farooq
Company Secretary
Pak Elektron Limited
17 – Aziz Avenue, Canal Bank,
Gulberg – V Lahore – 54660,
Pakistan
P.O. Box No: 675
Tel: 92-42-5718274-77
Fax: 92-42-5762707
Email: saigolgroup@saigols.com

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