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Sapphire Fibres Limited’s financial results for the year ended 30-06-2011

Karachi: We have to inform you that the Board of Directors of our company in their Meeting held at 03:30 pm n Wednesday the 05th day of October 2011 recommended the following:

Cash Dividend

A final Cash Dividend for the year ended 30th June, 2011 @ Rs.5.00 per share i.e. 50%.

The financial results of the Company are as follows:

 

Year Ended

Year Ended

June 30, 2011

June 30, 2011

Rupees

Rupees

Sales 15,452,802,106 9,235,883,847
Cost of Sales  12,143,187,928 7,325,040,514
————–  ————-
Gross Profit 3,309,614,178 1,910,843,333
Selling and Distribution Expnses 575,813,601 466,804,875
Administrative Expenses 158,973,379 100,818,241
Other Operating Expenses 176,939,507 107,912,568
Other Operating Income  (273,876,901) (215,733,657)
————–  ————-
637,849,586 459,802,027
————– ————-
Profit from Operations  2,671,764,592 1,451,041,306
Finance Cost 596,669,445 624,467,147
————– ————-
Profit before Taxation 2,075,095,147 826,574,159
Taxation
Current year 181,999,044 103,913,136
Prior years 1,078,007 8,002,232
Deferred (32,505,422) (9,109,690)
————– ————-
150,571,629 102,805,678
————– ————-
Profit after Taxation 1,924,523,518 723,768,481
————– ————-
Share Basic and Diluted 97.75 36.76

 

The Annual General Meeting of he Company will be held at 06: 15 pm on 28th October, 2011 at trading Hall, Cotton Exchange Building, I.I. Chundrigar Road, Karachi.

The above entitlement will be paid to the shareholders whose names appear in the Register of the Members on 22nd October, 2011.

The Share Transfer Books of the Company will be closed from 22nd October, 2011 to 28th October, 2011 (both days inclusive). Transfers received at THK Associates (Private) limited, Ground Floor, State Life Building No.3, Dr. Ziauddin Ahmed Road, Karachi at the close of business on 21st October, 2011 will be treated in time for the purpose of payment of Dividend to the transferees.

For more information, contact:
Shaukat Mahmud
Secretary
Sapphire Fibres Limited
316, Cotton Exchange Building, I.I. Chundrigar Road,
Karachi (Pakistan)
UAN: 92 21 111 000 100
Fax: 92 21 35758783

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