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Pakistan International Container Terminal Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Tuesday, October 25, 2011 at 4:00 p.m. at the registered, office recommended the following:

i) Cash Dividend                               Nil

ii) Bonus Shares                               Nil

iii) Right Shares                              Nil

iv) Any Other Entitlement/Corporate Action     Nil

v) Any Other Price-Sensitive Information

The financial results of the Company as of September 30, 2011 are as follows:

Annexure “A”

Condensed Interim Profit and Loss Account for the Quarter Ended September 30, 2011 (Unaudited)

 

For the quarter Ended

For the quarter Ended

September 30,

2011

September 30,

2010

(Un-Audited)

(Un-Audited)

(Rs. In thousands)

Turnover- net 1,684,742 1,392,134
Terminal operating costs  894,330 82,612
——— ———
Gross profit 790,412 568,522
Administrative expenses 161,107  105,258
Other operating income 55,604 35,241
 ——— ———
684,909 498,505
Finance costs  184,509 33,544
Other Charges 10,755 28,588
 ———  ———
Profit before taxation  489,645 436,373
Taxation 171,376  159,135
 ——— ———
Profit after taxation 318,269 277,238
 ———  ———
Earnings per ordinary share – Basic  2.87  2.49
 ——— ———

(Restated)

Earnings per ordinary share – Diluted  2.50 2.18

 

For more information, contact:
Pakistan International Container Terminal Limited
2nd Floor, Business Plaza,
Mumtaz Hassan Road,
Karachi74000, Pakistan
Tel: (+9221) 32400450-3
Fax: (+9221) 32400281
Website: www.pict.com.pk
E-mail: info@pict.com.pk

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