Home / Financial Results / High Noon Laboratories Limited’s financial results for the 3rd quarter ended September 30, 2011

High Noon Laboratories Limited’s financial results for the 3rd quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on October 21, 2011 at 10.00 a.m. at 17.5 K.M. Multan Road, Lahore approved the accounts for the 3rd quarter ended September 30, 2011.

The financial results of the Company are as follows:

 

Nine Months Ended

Quarter Ended

September 30

September 30

2011

2010

2011

2010

(Rupees)

Sales – net 2,146,620,650 1,943,276,198 631,515,113 620,625,124
Cost of Sales 1,428,770,650 1,274,026,930 453,608,568 407,939,871
————-  ————-  ———— ————
Gross Profit 717,850,000  669,249,268 227,906,545 212,685,253
Operating Expenses
Administrative and General 141,463,798 119,596,615 49,673,724 39,153,860
Distribution, Selling and
Promotional 415,120,966 410,080,376 126,208,154 126,612,186
Research and Development 5,435,531 3,158,698 1,288,070  962,281
Other Operating Charges  13,618,572 7,353,259 4,125,631 3,038,280
 ————- ————- ———— ————
575,638,869 540,188,947 181,295,589 169,766,606
————-  ————-  ———— ————
Operating Profit 142,211,131 129,060,321 46,610,957 42,918,647
Other Operating Income 5,957,665 6,095,107 599,166 123,987
 ————- ————- ———— ———–
 148,168,796 135,155,427  47,210,123 43,042,634
Financial Cost 57,922,030  66,368,409 13,979,967 22,725,149
————- ————- ————  ————
Profit before Tax  90,246,766  68,787,018 33,230,156 20,317,485
Taxation 31,586,318  23,980,325 13,101,359 5,897,372
————- ————- ———— ————
Profit after Tax 58,660,448 44,806,693 20,128,797 14,420,113
————-  ————-  ————  ————
Earnings per Share 3.23 2.46 1.11 0.79

 

For more information, contact:
Khadim Hussain Mirza
Company Secretary
High Noon Laboratories Limited
17.5 Kilometer, Multan Road,
Lahore -53700 (Pakistan)
P. O. Box 3318. Gulberg,
Lahore-54660 (Pakistan)
UAN: 111-000-465
Fax: 92-42-37510037
Email: info@highnoon.com.pk
Web: www.highnoon-labs.com

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