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Lafrage Pakistan Cement Limited’s financial results for the half year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their Meeting held at 12:00 noon on Thursday, August 18, 2011 has recommended no cash dividend, bonus or right issue of the shares for the Half Year ended June 30, 2011. The financial results of the Company during this period are as follows:

 

For the Half Year Ended For the Quarter Ended
June 30, 2011 June 30, 2010 June 30, 2011 June 30, 2010
(Rupees) (Rupees) (Rupees) (Rupees)
Net Sales 3,684,990,567 3,423,831,898 2,008,398,862 1,783,844,280
Cost of sales (2,904,699,291) (3,271,800,900) (1,581,764,214) (1,603,257,219)
————- ————- ————- ————-
Gross Profit 780,291,276 152,030,998 426,634,648 180,587,061
————- ————- ————- ————-
Distribution costs (103,332,892) (263,040,612) (72,885,510) (169,566,473)
Administrative expenses (221,613,897) (208,157,826) (121,226,399) (91,893,589)
Other operating expenses (3,559,991) (41,273) (3,559,791)
Other operating income 24,118,457 15,876,776 15,649,299 1,778,122
————- ————- ————- ————-
(304,388,323) (455,362,935) (182,022,401) (259,681,940)
————- ————- ————- ————-
Operating Profit/ (Loss) 475,902,953 (303,331,937) 244,612,247 (79,094,879)
Finance costs (481,564,713) (384,393,493) (468,039,224) (208,409,159)
————- ————- ————- ————-
Loss Before Taxation (5,661,760) (687,725,430) (23,426,977) (287,504,038)
Taxation – Current (11,878,164) (15,347,156) (7,960,747) (7,848,795)
————- ————- ————- ————-
Net Loss for the Period (17,539,924) (703,072,586) (31,387,724) (295,352,833)
Other Comprehensive Income for the

Period net of Tax

————- ————- ————- ————-
Total Comprehensive Loss for the Period (17,539,924) (703,072,586) (31,387,724) (295,352,833)
————- ———— ————- ————-
Loss per Share – Basic (0.01) (0.54) (0.02) (0.23)

 

For more information, contact:
Sarah Farooq
Company Secretary
Lafrage Pakistan Cement Limited
18-8, Kaghan Road,
F-8 Markaz, Islamabad – Pakistan.
UAN: +92-51-111 111 722
Fax: +92-51-281 7300
Web: www.lafargepakistan.com.pk

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