Searle Pakistan.

Half year Accounts.

Net Sales
Cost of Sales.
Gross profit
Selling and Dist exp
Admin Expense
Amort of Intangable
Operating profit.
Other operating income.
Other operating expense
Financail Chargers
other Chargers.
Profit before Taxation
Taxation expense
Profit for the year.
Earning per Share
Basic and Diluted.

"000"

"000"

Increase / Dec

December

December

for the 6 month

Percentage Change.

2013
2,971,405
1,709,097
1,262,308
789,600
98,634
2,718
890,952
371,356
269,810
641,166

2012
2,448,399
1,278,302
1,170,097
555,955
69,836
2,610
628,401
541,696
44,773
586,469

523,006
430,795
92,211
233,645
28,798
108
262,551
(170,340)
225,037
54,697

%
21.36
33.70
7.88
42.03
41.24
4.14
41.78
(31.45)
502.62
9.33

98,582
62,389
160,971
480,195
86,618
393,577

144,417
45,442
189,859
396,610
122,252
274,358

(45,835)
16,947
(28,888)
83,585
(35,634)
119,219

(31.74)
37.29
(15.22)
21.07
(29.15)
43.45

6.42

4.47

1.95

43.62

Findings.
1. The percentage Rise in Cost is more the the Rise in Sales.
2. The Growth in GP is only 7.88 perent which is not in line with sales growth.
3. Selling expense has gone up by 42 percent. Which is double with the growth of sales.
4. 31 percent decline from profit from operations now that a very big question mark.
5. Heavy Rise in Other income 500 percent. What for .Captial Gain or what.
6. Impressive Fall in Financial Chareges. But Rise in other Charges is a ?
7. Profit for the half year has rised but the other income has spoiled every thing.
Over all its a Good result. But the opertional profits are a worried sign for me.