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 › Financial Results › PPI Original Text (PPI-OT) – Siemens (Pakistan) Engineering Company Limited’s financial results for the six months period ended March 31, 2012

PPI Original Text (PPI-OT) – Siemens (Pakistan) Engineering Company Limited’s financial results for the six months period ended March 31, 2012

Web Desk May 23, 2012     No Comment     Financial Results

Karachi, May 23, 2012 (PPI-OT): Financial Results for the six months period ended March 31, 2012

The Board of Directors of our Company in their meeting held on May 22, 2012 at 17.0 hours (Dubai time) at UAE. Dubai approved the financial results of the Company for the six months period ended March 31, 2012 which are as follows:

Six months

Six months

Three months

Three months

period ended

period ended

period ended

period ended

March 31,

March 31,

March 3l,

March 31,

2012

2011

2012

2011

(Restated)

(Restated)

(Rupees in ‘000)

Net sales and services

6,740,866

7,184,789

3,270,737

2,796,159

Cost of sales and services

(6,869,363)

(6,057,571)

(2,776,568)

(2,412,209)

———

———

———

———

Gross profit

871,293

1,127,228

494,169

383,950

Commission and allowances earned

80,433

22,570

70,119

10,061

———

———

———

———

961,726

1,149,798

584,288

394,011

Marketing and sailing expenses

(446,811)

(501,893)

(239,294)

(241,185)

General administrative expenses

(235,162)

(176,373)

(162,192)

(70,572)

Other operating income / (expenses)

3,096

3,078

(464)

2,182

———

———

———

———

(678,877)

(675,188)

(401,950)

(309,576)

———

———

———

———

Operating profit

272,849

474,610

162,338

84,435

Financial income

29,438

35,417

23,103

20,204

Financial expenses

(91,796)

(157,653)

(53,447)

(81,019)

———

———

———

———

Net finance costs

(62,360)

(122,236)

(30,344)

(60,815)

———

———

———

———

Profit before tax

210,489

352,374

131,994

23,620

Income tax

(120,003)

(131,739)

(79,967)

(9,288)

———

———

———

———

Net profit for the period

90,486

220,635

52,027

14,332

———

———

———

———

Basic and diluted earnings per share (Rupees)

10.97

26.75

6.31

1.74

For more information, contact:
Mohammad Rafi
Company Secretary
Siemens (Pakistan) Engineering Company Limited
B-72, Estate Avenue, S.I.T.E., Karachi
P.O. Box No: 7158
Tel: +92 (21) 3256 6212
Fax: +92(21) 3256 6803
Web: www.siemens.com
E-mail: mohammad.rafi@siemens.com

Financial Results
Siemens (Pakistan) Engineering Company Limited

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― May 23, 2012

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