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Siemens (Pakistan) Engineering Company Limited’s financial results for the year ended September 30, 2011

Karachi: The Board of Directors of the Company in their meeting held on November 24, 2011 at 15.00 hours at Karachi approved the following:

Cash Dividend

A final cash dividend for the year ended September 30, 2011 @ Rs. 10 per share i.e., 100%.

Financial Results

The Board approved the financial results of the Company which are as follows:

 

2011

2010

(Rupees ’000’)

Restated

Net sales and services  15,059,556 26,248,842
Cost of sales and services  (12,943,086)  (22,367,845)
———- ———-
Gross profit 2,116,470 3,880,997
Commission and allowances earned 76,095  67,729
 ———- ———-
 2,192,565 3,948,726
Marketing and selling expenses (1,328,827) (1,480,011)
General administrative expenses (580,899) (625,186)
Other operating income 60,002 146,425
 ———- ———-
 (1,849,724) (1,958,772)
———- ———-
Operating profit 342,841 1,889,954
Financial income  54,708  30,575
Financial expenses  (239,371) (430,462)
———-  ———-
Net finance costs (184,663)  (399,887)
———- ———-
Profit before tax 158,178  1,590,067
Income tax expense  (90,770)  (578,788)
———-  ———-
Net profit for the year 67,405 1,011,279
 ———-  ———-
Basic and diluted earnings per share (Rupees) 8.17 122.62

 

The date of Annual General Meeting (AGM) shall be announced after approval from the Karachi Stock Exchange (KSE) in due course.

For more information, contact:
Mohammad Rafi
Company Secretary
Siemens (Pakistan) Engineering Company Limited
B-72, Estate Avenue, S.I.T.E., Karachi
Tel: +92(21) 3256 6212
Fax: +92(21) 3256 6803
P.O. Box No: 7158 Karachi – 7570
Web: www.siemens.com
W-mail: mohammad.rafi@siemens.com

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