Siemens Pakistan Engineering : Financial Results for the Half Year Ended March 31, 2022

Siemens (Pakistan) Engg. Co. Ltd., CS, B-72, Estate Avenue, S.I.T.E., Karachi.	Name	Syeda Mehrunnisa
	Department	Corporate Secretariat
The General Manager	Telephone	92(21) 32592061
Pakistan Stock Exchange Limited	Fax
Stock Exchange Building	Mobile
E-mail	[e-mail]
Stock Exchange Road
Internet	www.siemens.com.pk
Karachi
Executive Director/HOD	Your letter of
Our reference	CS/Ext/2022/059
Offsite-II Department
Date	May 26, 2022
Supervision Division
Securities & Exchange Commission of Pakistan
63, NIC Building, Jinnah Avenue
Blue Area
Islamabad

Form - 7

Subject: Un-auditedFinancial Results for the Half Year Ended March 31, 2022

• Dear Sir,
  We have to inform you that the Board of Directors of our Company in their meeting held on May 26, 2022 in Karachi, Pakistan at 10:00 am has approved the Un-audited Condensed Interim Financial Statements for the quarter ended March 31, 2022.
  The Financial results of the Company are as follows:

	Six months period ended			Three months period ended
	March 31,			March 31,	March 31,	March 31,
	2022	2021			2022			2021
	---------------------------- (Rupees in '000) -----------------------------
Net sales and services	9,172,788	6,132,313			4,999,486			2,587,823
Cost of sales and services	(7,212,135)		(5,744,230)			(4,034,146)			(2,421,077)
Gross profit	1,960,653	388,083			965,340			166,746
	21%	6%			19%			6%
Marketing and selling expenses	(530,569)		(404,706)			(282,418)			(193,400)
(Allowance for) / reversal of expected credit losses	(104,009)		36,775			(76,603)			18,129
General administrative expenses	(192,336)		(172,182)			(91,720)			(88,198)
	(826,914)		(540,113)			(450,741)			(263,469)
	1,133,739	(152,030)			514,599			(96,723)
	-9%	-9%			-9%			-10%
Gain on disposal of assets classified as held for sale	-		247,851			-			247,851
Other income	1,268		16,300			1,069			7,758
Other operating expenses	(78,619)		(2,561)			(32,312)			(1,521)
Net other (operating expenses) / income	(77,351)		261,590			(31,243)			254,088
Operating profit	1,056,388	109,560			483,356			157,365
	12%	2%			10%			6%
Financial income	24,961		23,900			7,663			15,160
Financial expenses	(23,654)		(17,890)			(15,948)			(8,562)
Net finance income / (expenses)	1,307		6,010			(8,285)			6,598
Profit before income tax	1,057,695	115,570			475,071			163,963
Income tax	(379,650)		(244,359)			(113,693)			(103,652)
Net profit / (loss) for the period	678,045		(128,789)			361,378			60,311
Basic and diluted earnings / (loss) per share (Rupees)	82.22		(15.62)			43.82			7.31
Siemens (Pakistan) Engg. Co. Ltd.		Postal address:	Office address:
Corporate Secretariat		Siemens(Pakistan) Engg. Co. Ltd.	Siemens(Pakistan) Engg. Co. Ltd.
Head: Muhammad Usman Ansari		B-72, Estate Avenue,	B-72, Estate Avenue,
		S.I.T.E., Karachi	S.I.T.E., Karachi.
		Karachi - 75700	Tel: [phone]

Siemens (Pakistan) Engg. Co. Ltd., MD : Markus-Erich Strohmeier; CFO: Umer Jalil Anwer;Company Secretary: Muhammad Usman Ansari

CUIN Reg. No. 0000617; Reg. Address: B-72, Estate Avenue, S.I.T.E., Karachi.