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Philip Morris (Pakistan) Limited’s financial results for the quarter ended March 31, 2012

Date: April 27, 2012 Author: Web Desk Category: Financial Results General Tags: Short URL Comments: 0

Karachi: We have to inform you that the Board of Directors of the Company in their meeting at 11:00 a.m. today considered and approved the un-audited financial statements of the Company for the quarter ended March 31, 201.

The financial results of the Company are as follows:

Quarter Ended

March

March

31, 2012 31, 2011
(Rupees in thousand)
Gross turnover

9,192,207

8,243,253

Less: Sales tax

1,250,490

1,131,077

Excise duty

4,202,640

3,674,188

———

———

Turnover – net of sales tax and excise duty

3,739,077

3,437,988

Cost of sales

2,635,560

2,684,274

———

———

Gross profit

1,103,517

753,714

Distribution and marketing expenses

694,996

553,356

Administrative expenses

300,473

195,369

———

———

995,469

748,725

———

———

Operating profit

108,042

4,989

Other expenses

1,876

5,728

———

———

106,172           (739)
Other income

6,896

14,248

———

———

113,068         13,509
Finance cost

92,675

72,569

———

———

Profit/ (Loss) before taxation

20,393

(59,060)

Taxation

40,268

32,300

———

———

Loss after taxation

(19,875)

(91,360)

(Rupees)

Loss per share – basic

(0.32)

(1.48)

For more information, Contact:
Mujtaba Hussain
Director and Company Secretary
Philip Morris (Pakistan) Limited
(Formerly Lakson Tobacco Company Limited)
4th Floor, Bahria Complex-III,
M. T. Khan Road, Karachi
Tel: +92-213520 9600-01
E-mail: www.philipmorrispakistan.com.pk

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