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Financial Results

Pakistan Suzuki Motor Company Limited’s financial results for the half year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors at its meeting held on August 18, 2011 approved the unaudited accounts for the year ended June 30, 2011. The financial results of the Company are as follows:

 

Half Year Ended Quarter Ended
June 30, June 30, June 30, June 30,
2011 2010 2011 2010
 (Rupees in thousand) (Rupees in thousand)
Turnover  23,250,706 21,930,001 10,680,958 11,894,186
Cost of sales (22,427,028) (21,226,005) (10,200,184) (11,332,052)
Gross profit 823,678 703,996 480,774 562,134
Distribution cost (139,700) (125,444) (68,828) (56,665)
Administrative expenses (190,603) (173,986) (352,864) (316,032)
———- ———- ———- ———-
 331,114 262,520 221,343 331,483
Finance cost  (9,259) (19,900) (4,661) 7,714
Other operating income 270,981 311,983 139,463 167,718
———- ———-  ———- ———-
592,836 554,603 356,145 506,915
Workers’ profit participation fund (29,548) (27,730)  (17,713) (25,345)
Workers’ welfare fund  (15,400) (12,583) (10,902) (11,100)
Donations  (1,892) (1,892)  –
 ———- ———- ———- ———-
(46,840) (40,313) (30,507) (36,445)
———-  ———- ———- ———-
Profit before taxation 545,996 514,290 325,638 470,470
Taxation (267,107)  (234,931) (138,174) (173,502)
———- ———- ———- ———-
Net profit for the period 278,889 279,359 187,464 296,968
———- ———- ———- ———-
Rupees Rupees
Basic earnings per share  3.39 3.39 2.28 3.61

 

Half yearly report 2011 will soon be available on our website www.paksuzuki.com.pk

For more information, contact:
Hiropumi Nagao
Chief Executive
Pakistan Suzuki Motor Company Limited
DSU-13, Pakistan Steel Industrial Estate,
Bin Qasim, Karachi – 75000.
Tel: (92-21) 34723551-58
Fax: (92-21) 34723521-23

pakistan-suzuki-motor-company-limited%e2%80%99s-financial-results-for-the-half-year-ended-june-30-2011

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