Nearly three decades and a half have elapsed since the company was incorporated in the province of Sindh on February 10, 1969. It is a public limited company and a flagship of renowned conglomerate Lakson Group of Companies which has diversified interest in insurance, food products, personal care products, paper and board, packaging, and real estate.
The company is primarily engaged in the manufacture and sale of cigarettes. The third quarter report of the company is in hand. Its layout, design is simple but attractive. Unfortunately, the report does not give address of its website which should be there so that its customers and other stakeholders may get the normal information about the company.
During 9M 2003-04, the period under review, the company's sales and profitability has substantially improved. The interim dividend announced by the directors is @ Rs 2 per share similar to the corresponding nine months of last year.
On 14-07-2004, the market price of its share closed at Rs 250 per share which is twenty five times of the par value. Lakson Tobacco share is not very liquid as only 202 thousand shares changed hands since January 2004 to date.
During the nine months under review, the company posted sales in terms of value at Rs 12.671 bln as compared to Rs 11.405 bln registering 11.1% improvement over the same period last year.
Lakson Tobacco Limited posted after tax profit of Rs 910 mln during the period of nine months ended March 31, 2004. In the same period its contribution to the national exchanged was Rs 6.787 bln which is 54% of the company's sales.
Performance Statistics (Millions Rs)
======================================================
Performance Statistics (Million Rupees)
======================================================
Balance Sheet -As At-
======================================================
March 31 June 30
2004 2003
======================================================
Share Capital-Paid-up: 513.17 427.64
Reserves & Surplus: 2,212.52 1,490.54
Shareholders Equity: 2,725.69 1,918.18
Surplus on Rev. of F/A: 13.60 14.00
L.T. Debts: - - 92.13
Deferred Taxation: 108.14 93.50
Current Liabilities: 2,120.29 1,797.03
Tangible Fixed Assets: 1,491.25 1,050.99
L.T Loans: 2.10 2.60
L.T Deposits Prepayments: 10.56 38.50
Current Assets: 3,463.81 2,822.75
Total Assets: 4,967.72 3,914.84
------------------------------------------------------
Profit & Loss A/c For the
Nine Months Ended March 31 2004 2003
------------------------------------------------------
Sales: 12,671.37 11,405.33
Gross Profit: 2,315.81 2,141.35
Operating Profit: 1,486.91 950.53
Other Income: 17.64 23.84
Financial (Charges): (17.11) (33.02)
Profit Before Taxation: 1,405.72 876.63
Profit After Taxation: 909.88 593.09
Interim Dividend @ Rs 2/-
(2003: Rs 2/-) Per Share: 102.63 85.53
Earnings Per Share (Rs): 17.73 13.87
Share Price (Rs) on 14.07.2004: 250.00
Price/Earning Ratio: 14.10 -
Book Value of Share (Rs): 53.11 44.85
Debt/Equity Ratio: 0:100 4:96
Current Ratio: 1.63 1.57
Gross Profit Margin (%): 18.27 18.77
Net Profit Margin (%): 7.18 5.20
R.O.A. (%): 18.32 15.15
======================================================
COMPANY INFORMATION: Chairman & Chief Executive: Iqbalali Lakhani; Advisor: Sultanali Lakhani; Director: Shahid Ahmed Khan; Company Secretary: Ramzan Ali Halani; Registered Office: Lakson Square Building No 2 Sarwar Shaheed Road, Karachi-74200; Web Address: N.A. Factories: E/15 S.I.T.E Kotri Distt Dadu (Sindh); Quadirabad Distt Sahiwal (Punjab); Plot No 20, Sector No 17 Korangi Industrial Area Karachi (Sindh); Village: Mandra: Tehsil Gujar Khan Distt. Rawalpindi (Punjab); Ismailia Distt. Swabi (NWFP).
Comments
Comments are closed.