Siemens (Pakistan) Engineering Company Limited’s financial results for the nine months period ended June 30, 2011

Siemens (Pakistan) Engineering Company Limited’s financial results for the nine months period ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on August 4, 2011 at 14:00 hours approved the financial results of the Company which are as follows:

 

Nine months

Nine months

Three months

Three months

Period ended

Period ended

Period ended

Period ended

June 30,

June 30,

June 30,

June 30,

2011

2010

2011

2010

(Rupees in ‘000)

Net sales and services 10,435,191 20,821,444 3,250,392 6,544,573
Cost of sales and services (8,991,561) (18,257,624) (2,930,661) (5,697,203)
———– ———– ———– ———–
Gross profit 1,443,630 2,563,820 319,731 847,370
Commission and allowances earned 41,139 40,213 18,569 10,801
———– ———– ———– ———–
1,484,789 2,604,033 338,300 858,171
Marketing and selling expenses (822,313) (924,351) (318,489) (421,620)
General administration expenses (278,675) (415,567) (99,430) (119,131)
Other operating income 43,500 25,357 40,422 5,316
———– ———– ———– ———–
(1,055,488) (1,314,561) (377,497) (535,435)
———– ———– ———– ———–
Operating profit/ (loss) 429,281 1,289,472 (39,197) 322,736
Financial income 47,457 19,891 12,040 (7,864)
Financial expenses (187,179) (225,153) (29,526) (51,573)
———– ———– ———– ———–
Net finance costs (139,722) (205,262) (17,486) (59,437)
———– ———– ———– ———–
Profit / (loss) before tax 289,559 1,084,210 (56,683) (263,299)
Income tax (156,801) (390,210) (25,062) (94,912)
———– ———– ———– ———–
Net profit / (loss) for the period 132,758 694,000 (81,745) (168,387)
Basic and diluted earnings/ (loss)
per share (Rupees) 16.10 84.15 (8.91) 20.42

 

For more information, contact:
Siemens (Pakistan) Engineering Company Limited
B-72, Estate Avenue, SITE,
P.O. Box. No 7158,
Karachi – 75700
Tel: 92(21) 3256 6212
Fax: 92(21) 3256 6803
Email: mohammad.rafi@siemens.com
Web: www.siemens.com

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