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Unilever Pakistan Foods Limited’s financial results for the first half (January – June) 2011

Karachi: In its meeting held on 11th August 2011 at 14:30 Hrs at Karachi, our Board of Directors has approved the Condensed interim Financial Information of the Company for the half year ended June 30, 2011.

Condensed Financial Information

 

QUARTER ENDED HALF YEAR ENDED
April to

June 2011

April to

June 2010

January to

June 2011

January to

June 2010

(Rupees in Thousands)

Sales 1,415,901 1,096,660 2,546,154 2,045,971
Less: Cost of Sales (852,248) (640,376) (1,522,222) (1,226,742)
——– ——— ——— ———
Gross Profit 563,653 456,282 1,023,932 819,229
Less: Distribution, Admin and Other
operating Expenses (266,018) (279,447) (510,395) (491,479)
Add: Other operating Income 19,413 5,883 34,969 9,311
——— ——— ——— ———
317,048 182,718 548,506 337,061
Restructuring Cost (5,000)
——— ——— ——— ———
Profit from Operations 317,048 182,718 543,506 337,061
Less: Finances Cost (2,360) (3,718) (4,646) (6,750)
——— ——— ——— ———
Profit before Taxation 314,688 179,000 538,860 330,311
Less: Taxation (95,222) (57,078) (174,337) (110,528)
——— ——— ——— ———
Profit after Tax 219,466 121,922 364,523 219,783
——— ——— ——— ———
EPS-basic (Rupees) 35.64 19.80 59.20 35.69

 

Interim Dividend

In view of the financial results for the half year January to June 2011, the Directors have recommended an Interim Dividend of Rs.50/- or 500% per ordinary share of Rs. 10/- (half year January to June 2010. Rs.35/- or 350% per ordinary share). This will be payable to Members on the number of ordinary shares held by them at the close of business on 05 September 2011.

Closure of Share Transfer Books

The Share Transfer Books of the Company will be dosed from 30 August 2011 to 05 September 2011 (both clays inclusive), and Will re-open on 06 September 2011. Transfers in good order, received at the Company’s Share Registration Office c/o Famco Associates (Private) Limited, State Life Building No. 1-A, I.I. Chundrigar Road. Karachi, by the close of business on 29 August 2011 will be treated in time for the purpose of payment of Interim Dividend to the transferees.

 

For more information, contact:
Amar Naseer
Company Secretary
Unilever Pakistan Foods Limited
Avari Plaza,
Fatima Jinnah Road,
Karachi – 75530
Tel: +92-21-35660062
Fax: +92-21-35681705

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