Abbott Laboratories (Pakistan) Limited’s financial results for the half year ended June 30th 2011

Abbott Laboratories (Pakistan) Limited’s financial results for the half year ended June 30th 2011

Karachi: This is to inform you that the Board of Directors of our company in their meeting held on Tuesday August 16th, 2011, at 10:30 a.m. at Abbott Laboratories (Pakistan) Limited (ABOT), 8th Floor, Faysal House, Shahrah-e-Faisal, Karachi, considered and approved the financial results of the company as follows:

 

Apr-Jun

Jan-Jun

Mar-May

Dec-May

2011

2011

2010

2010

(Rupees ‘000’)

Sales-net
Domestic 2,940,981 5,787,250 2,464,090 4,663,637
Export 166,894 318,722 130,439 242,026
——— ——— ——— ———
3,107,875 6,105,972 2,594,529 4,905,663
Cost of goods sold and services 1,874,175 3,791,913 1,675,589 3,326,422
——— ——— ——— ———
Gross Profit 1,233,700 2,314,059 918,940 1,579,241
Selling and distribution expenses 470,544 908,673 351,375 697,636
Administrative expenses 72,808 132,773 56,889 106,314
——— ——— ——— ———
690,348 1,272,613 510,676 775,289
Other operating income 38,990 70,372 20,299 46,536
Other operating charges 62,076 115,229 46,725 78,212
——— ——— ——— ———
667,262 1,227,756 484,250 743,613
Finance Cost 881 1,777 730 1,578
——— ——— ——— ———
Profit before taxation 666,381 1,225,979 483,520 742,035
Taxation
Current 194,257 354,737 140,914 218,469
deferred 13,548 13,004 3,559
——— ——— ——— ———
207,805 367,741 144,473 218,469
——— ——— ——— ———
Profit after taxation 458,576 858,238 339,047 523,566
——— ——— ——— ———

(Rupees)

Earnings per shares – basic/ diluted 4.68 8.77 3.46 5.35

 

Dividend

An Interim Cash Dividend for the half year ended June 30th, 2011, a Rs. 2.00/- per share (i.e. 20%).

The above entitlement will be applicable to the shareholders whose names appear in the Register of Members on August 31st, 2011. Transfers received by our Registrar FAMCO Associates (Pvt.) Ltd. (formerly Ferguson Associates (Pvt.) Ltd.), State Life Building 1-A, I.I. Chundrigar Road, Karachi, at the close of business on Wednesday August 31st, 2011 will be considered in time for the purpose of determining entitlement to Interim Dividend.

Book Closure

The Share Transfer Books of the Company will be closed from Thursday September 1st, 2011 to Thursday September 8th, 2011 (both days inclusive).

For more information, contact:
Asif Jooma
Chief Executive and
Managing Director
Abbott Laboratories (Pakistan) Limited
8th Floor Faysal House
ST-02, Sharah-e-Faisal,
Karachi- 75350
P.O. Box 7229 Karachi 74400
Tel (92-21) 3279918-19
Fax: (92-21) 32800244

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