Wyeth Pakistan Limited’s financial results for the second quarter and six months period ended May 31, 2011

Wyeth Pakistan Limited’s financial results for the second quarter and six months period ended May 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday, July 25, 2011 at 11:00 A.M. at 12-Dockyard Road, West Wharf, Karachi, recommended the following:

Cash Dividend

An Interim Cash Dividend for the second quarter and six months period ended May 31, 2011 at Rs. NIL per share i.e. NIL %.

The financial results of the Company are as follows:

 

For the six months

For the three months

Period ended

Period ended

May 3, 2011 May 31, 2011 May 31, 2011 May 31, 2011

(Rupees ‘000’)

(Rupees ‘000’)

Net sales 1,543,974 1,205,922 791,012 646,898
Cost of sales 1,151,479 939,970 590,065 507,950
——— ——— ——— ——-
Gross profit 392,495 265,952 200,947 138,948
Selling, marketing and distribution
expenses 197,004 161,229 88,567 106,923
Administrative expenses 44,038 79,977 22,014 54,625
——— ——— ——— ——-
141,042 241,206 110,581 161,548
Operating profit / (loss) 151,453 24,746 90,366 (22,600)
Other operating income 24,360 5,194 15,114 2,257
——— ——— ——— ——-
175,813 29,940 105,480 (20,343)
Other operating expenses 18,735 3,528 11,285 504
Finance Cost 601 2,595 462 254
——— ——— ——— ——-
19,336 6,123 11,747 758
——— ——— ——— ——-
Profit / (loss) before taxation 156,477 23,817 93,733 (21,101)
Taxation
Current – for the period 74,387 35,320 38,444 11,331
for prior years 12,500 12,500
Deferred (10,061) (4,393) (4,032) (5,097)
——— ——— ——— ——-
76,826  30,927 46,912 6,234
——— ——— ——— ——-
Profit / (loss) after taxation 79,651 (7,110) 46,821 (27,335)
——— ——— ——— ——-
Rupees Rupees Rupees Rupees
Earnings / (loss) per share- basic and diluted 56.03 (5.00) 32.94 (19.22)

 

For more information, contact:
Iqbal Bengali
Chairman and Chief Executive
Wyeth Pakistan Limited
S-33, Hawkes Bay Road,
S.I.T.E.,
P.O. Box: 167,
Karachi – Pakistan
Tel: +9221 32354651-60
UAN: +9221 111 777 333
Fax: +9221 3236-4681
E-mail: wyethpak@wyeth.com

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