Download - Siemens Pakistan
Download - Siemens Pakistan Download - Siemens Pakistan
26 Directors’ Report Performance Highlights During the year under review, our company has grown rapidly and profitably, as evidenced by a strong financial performance. Rupees in Million Rupees in Million 60,000 50,000 40,000 30,000 20,000 10,000 - New Orders 6,049 11,515 17,715 25,337 32,040 52,236 2003 2004 2005 2006 2007 2008 Sales, New Orders & Employees 60,000 1,800 1,549 52,236 1,600 50,000 1,394 1,447 1,400 1,276 1,284 1,308 40,000 1,200 32,040 1,000 30,000 26,881 25,337 800 21,902 20,796 20,000 17,715 600 11,515 13,133 400 10,000 5,812 6,049 7,110 200 No. of employees New Orders New orders of over Rs. 52,236 million have been received during the year showing a growth of 63-% - an all time high. Major contributions include projects for building grid stations / substations for various customers locally as well as in Dubai, supply of power and distribution transformers to various power generation companies and SAP Enterprise Resource Planning (ERP) implementation and maintenance for various companies. Healthcare sector with their Digital Linear Accelerators for cancer treatment, diesel generating sets particularly for telecommunication sector also played a significant role. The unexecuted order value position stood at Rs. 50,801 million, which is more than satisfactory. Sales turnover For the financial year ended September 30, 2008, the turnover increased by 23% over previous year and stood at Rs 26,881 million mainly due to projects being undertaken in the energy sector. The total turnover includes business of Rs 12,374 million (2007: Rs. 5,611 million) conducted in Dubai, UAE, in the area of construction of high voltage substations, which grew by 120% over last year. 0 2003 2004 2005 2006 2007 2008 Sales New Order Employees 0
Directors’ Report 27 Rupees in Million 3,000 2,500 2,000 1,500 Profit before tax & in % of sales, Profit after tax 10.62 10.70 9.39 1,233 1,444 1,679 1,000 761 779 680 617 500 350 412 1.40 291 150 0 2003 2004 2005 2006 2007 2008 PBT PAT PBT as % of sale 6.59 12 2,564 9.54 10 8 6 4 2 0 Percentage Profitability Our company has turned in an impressive operational performance from continued operations with profit before tax standing at Rs. 2,564 million, a healthy rise of 77% over the previous year. Profit after tax recorded a value of Rs 1,679 million, an increase of 70%. This increase is mainly attributable to higher turnover and improved margins and smooth project execution. 350 Earnings per share Rupees in Million 300 250 200 150 100 100.24 93.57 300.87 203.60 Earnings per share The earnings per share (EPS) after taxation from continuing operations was Rs. 203.60, grown by 146% (2007: Rs. 82.49) against corresponding year, which is because of higher after tax profits. 50 44.89 53.1 0 2003 2004 2005 2006 2007 2008 Rupees in Million Capital Investment 400 362 350 312 300 275 250 243 200 189 150 103 100 50 0 2003 2004 2005 2006 2007 2008 Capital investment & future commitments During the year, the Company strengthened its manufacturing capacity to respond to its growing business, especially in the energy sector. A new 220 KV power transformer manufacturing facility was commissioned during the year. Further, construction of vapor face oven for large transformers, with a total estimated cost of Rs. 125 million is in the final stages of its completion. Rest of the capital investments were mainly undertaken on account of miscellaneous replacement, modernization, and capacity enhancement of plant and machinery, extension of office blocks and procurement of vehicles. As at the Balance Sheet date, the company was financially committed to pay Rs 150.997 million for procurement of capital goods.
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26 Directors’ Report<br />
Performance Highlights<br />
During the year under review, our company has grown rapidly and profitably, as evidenced by a strong<br />
financial performance.<br />
Rupees in Million<br />
Rupees in Million<br />
60,000<br />
50,000<br />
40,000<br />
30,000<br />
20,000<br />
10,000<br />
-<br />
New Orders<br />
6,049<br />
11,515<br />
17,715<br />
25,337<br />
32,040<br />
52,236<br />
2003 2004 2005 2006 2007 2008<br />
Sales, New Orders & Employees<br />
60,000 1,800<br />
1,549<br />
52,236<br />
1,600<br />
50,000<br />
1,394 1,447<br />
1,400<br />
1,276 1,284 1,308<br />
40,000<br />
1,200<br />
32,040<br />
1,000<br />
30,000<br />
26,881<br />
25,337<br />
800<br />
21,902<br />
20,796<br />
20,000<br />
17,715<br />
600<br />
11,515 13,133 400<br />
10,000<br />
5,812 6,049 7,110 200<br />
No. of employees<br />
New Orders<br />
New orders of over Rs. 52,236 million have been<br />
received during the year showing a growth of 63-%<br />
- an all time high. Major contributions include<br />
projects for building grid stations / substations for<br />
various customers locally as well as in Dubai,<br />
supply of power and distribution transformers to<br />
various power generation companies and SAP<br />
Enterprise Resource Planning (ERP) implementation<br />
and maintenance for various companies.<br />
Healthcare sector with their Digital Linear<br />
Accelerators for cancer treatment, diesel<br />
generating sets particularly for telecommunication<br />
sector also played a significant role. The<br />
unexecuted order value position stood at<br />
Rs. 50,801 million, which is more than satisfactory.<br />
Sales turnover<br />
For the financial year ended September 30, 2008,<br />
the turnover increased by 23% over previous year<br />
and stood at Rs 26,881 million mainly due to<br />
projects being undertaken in the energy sector. The<br />
total turnover includes business of Rs 12,374 million<br />
(2007: Rs. 5,611 million) conducted in Dubai, UAE,<br />
in the area of construction of high voltage<br />
substations, which grew by 120% over last year.<br />
0<br />
2003 2004 2005 2006 2007 2008<br />
Sales New Order Employees<br />
0
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