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