|
|
Profit and Loss Account (Unaudited)
For the Half Year Ended Dec. 31, 2004 |
| |
| |
Quarter ended
1st Oct. to 31st Dec. |
|
Half Year
ended
1st July to 31st Dec. |
| |
2004 |
|
2003 |
|
2004 |
|
2003 |
| |
(Rupees in '000') |
| |
| Sales and Services |
720,499 |
|
19,181 |
|
1,252,532 |
|
66,281 |
| |
|
|
|
|
|
|
|
| Cost of Sales |
(659,272) |
|
(14,080) |
|
(1,137,900) |
|
(58,937) |
| Gross Profit |
61,227 |
|
5,101 |
|
114,632 |
|
7,344 |
| |
|
|
|
|
|
|
|
| Operating Expenses |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Administrative and selling
expenses |
(16,645) |
|
(1,714) |
|
(34,328) |
|
(5,480) |
| Operating Profit |
44,582 |
|
3,387 |
|
80,304 |
|
1,864 |
| |
|
|
|
|
|
|
|
| Share of Profit of Associated Company |
- |
|
14,131 |
|
- |
|
14,131 |
| Miscellaneous income |
17,428 |
|
55 |
|
19,965 |
|
55 |
| |
62,010 |
|
17,573 |
|
100,269 |
|
16,050 |
| Others |
|
|
|
|
|
|
|
|
Financial Expenses |
(8,855) |
|
(6,121) |
|
(14,482) |
|
(15,247) |
| |
53,155 |
|
11,452 |
|
85,787 |
|
803
|
| |
|
|
|
|
|
|
|
| Worker profit participation fund |
(2,657) |
|
- |
|
(4,289) |
|
- |
| |
|
|
|
|
|
|
|
| Profit
Before Taxation |
50,498 |
|
11,452 |
|
81,498 |
|
803 |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Current Taxation |
-
3,269 |
|
(96)
250 |
|
- |
|
(336) |
| Deferred Taxation |
|
|
6,537 |
|
1,084 |
| |
3,269 |
|
154 |
|
6,537 |
|
748 |
| Profit After Taxation |
53,767 |
|
11,606 |
|
88,035 |
|
1,551 |
| |
|
|
|
|
|
|
|
| Accumulated Loss Brought Forward |
(336,638)
6,070 |
|
(621,434)
465 |
|
(376,975) |
|
(622,985) |
| Incremental Depreciation
on revalued fixed assets |
|
|
12,139 |
|
2,014 |
| |
(330,568) |
|
(620,969) |
|
(364,836) |
|
(620,971) |
| |
|
|
|
|
|
|
|
| Accumulated loss |
|
|
|
|
|
|
|
| Carried forward to balance sheet |
(276,801) |
|
(609,363) |
|
(276,801) |
|
(619,420) |
| |
|
|
|
|
|
|
|
| Basic earnings per share |
1.19 |
|
0.77 |
|
0.96 |
|
0.10 |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| The annexed notes form an
integral part of these financial statements. |
| |
Ahmed Kuli Khan
Khattak
Chief Executive |
Ch. Sher Muhammad
Director |
|
|
