KARACHI (July 29 2010): Dawood Hercules Chemicals Limited (DHCL) has registered after tax profit of Rs 1,304.520 million in the half year period ended June 30, 2010 against after tax loss of Rs 615.284 million recorded in the same period last year. The company's earning per share stood at Rs 10.84 in the period under review against per share loss of Rs 5.11 in the same period last year.

The board of directors of the company in its meeting held on Tuesday approved an interim cash dividend for the year ending December 31, 2010 at Rs 2.00 per share ie 20 percent. According to the financial results sent to Karachi Stock Exchange (KSE), the company's net sales declined to Rs 2.935 billion in this period against Rs 3.284 billion in the same period last year. The cost of sales reduced to Rs 1.718 billion against Rs 1.923 billion.

The company's profit before taxation increased to Rs 1,582.120 million in six month period in 2010 against before tax loss of Rs 328.984 million in the same period a year back. On quarterly basis, the company registered profit after tax at Rs 948.923 million translating earning per share of Rs 7.89 in the quarter ended June 30, 2010 against after tax loss of Rs 109.924 million with loss per share of Re 0.91 in the same quarter last year.

Copyright Business Recorder, 2010