Otsuka
26-Feb-2019 Head Office: 30-B Sindhi Muslim Co-operative Housing Society
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Among other prohibitions in the Act a local governmental body may not require an employer to pay an employee a wage higher than the State minimum hourly wage or other fringe benefits regulate strike activity or regulate an employer's hours or scheduling of employees MCL 408 871 - 408 883 (repealed) (S B 170)
Otsuka
February 26, 2019
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building,
Stock Exchange Road,
Karachi.
Sub.: Transmission ofHal{-vear Accounts (or the period ended December 31,2018Dear Sir,
We have to inform you that the Half-year Accounts of the Compan yfor the period ended December 31, 2018 had been transmitted through PUCARS and is also available on our Company"s website: www.otsuka.pk You may please inform the TRE certificate holders of the Exchange accordingly.Muhammad Amin Bashir
Company Secretary
Encl : A.A.Otsuka Pakistan Ltd.
HeadOffice:30-B,SindhiMuslim Co-operative Housing Society,Karachi-74400,Pakistan. Phones: (+9221)3452 8651-54 Fax: (+9221)3454 9857 URLwww.otsuka.pk
Factory:No.F/4-9, Hub Industrial Trading Estate,Distt.Lasbella,Balochistan,Pakistan.Phones: (+92853)302363,303218,303517,304395-97 Fax: (+92853)364057
OTSUKA
oTigstTm(kglgtcb( a·ondensed(gnterim( dinancial(statements(Otsuka Pakistan Limited
Directors' Report
The Directors are pleased to present accounts of the Company for the half year ended December31, B9:I7(
Business Review
Sales were depressed due to oversupply situation in the market and heavy discounts being offered by the competitors. The cost of sales have also increased by 5.65% resulting in a steep decline of the gross profit margins of 23% during the half year ended December B9:I(as( compared( to(BH.(in(the(same(period(last(year7( the(major(contributor(for( the(loss(was(the(devaluation( rs7(IE7FCI(million7( the(corresponding(period(last(year7(Future nutlook(
The uncertain economic conditions of the country with expected devaluation of oak(rupee(and( implementation( of(more(strict(policies(from(central(bank(will(further(increase(the(cost( of( our( segmeMehtabuddin Feroz
Director
Karachi
Dated: February 19, B9:K(nn(
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(Loss) I profit for the period before taxation (84,161) 54,688Taxation -net 6,395 (
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(Loss) I profit for the period after taxation (77,766) 33,575 Quarter endedDecember 31,
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