PICT's profit after tax rises to Rs 1.41 billion

The profit after tax of Pakistan International Container Terminal Limited (PICT) has increased to Rs 1.41 billion in the year ended June 30, 2012 (FY12) as compared to Rs 1.253 billion earned in FY11. The board of directors of the company in its meeting held on September 10, declared that the company's earning per share (basic) increased to Rs 12.75 in the period under review against Rs 11.32 in the same period last year while the per share earning (diluted) increased to Rs 11.09 against Rs 9.86.
According to the financial results sent to Karachi Stock Exchange, the company's net turnover increased to Rs 6.692 billion in FY12 against Rs 6.123 billion in the same period in FY11. The terminal operating costs increased to Rs 3.725 billion against Rs 3.524 billion. The company's profit before taxation increased to Rs 2.17 billion in FY12 against Rs 2.128 billion earned in FY11.