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Sazgar Engineering Works Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Saturday, October 15, 2011 at 10:30 A.M. at 88- Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore, recommended the following:

 

1. Cash Dividend     Nil

2. Bonus Shares      Nil

3. Right Shares      Nil

4. Financial Results

Annexure – 1

Condensed Profit and Loss Account (Un-Audited) for the Quarter Ended September 30, 2011

 

Jul-Sep

Jul-Sep

2011

2010

Rupees

Rupees

Sales – Net 598,619,027  477,375,738
Cost of Sales 525,730,358 426,108,332
———– ———–
Gross Profit 72,888,669 51,267,406
Distribution cost 13,778,333 8,590,650
Administrative expenses 13,646,234 10,340,058
Other operating expenses 3,144,521 1,991,064
———– ———–
30,569,088 20,721,772
———– ———–
 42,319,581 30,545,634
Other Operating Income 592,711 54,086
———– ———–
42,912,292 30,599,720
Finance Cost 3,547,261 3,998,762
 ———–  ———–
Profit before Taxation 39,365,031 26,600,959
Taxation 13,994,148 9,853,909
 ———– ———–
Profit after Taxation 25,370,884 16,747,050
———– ———–
Earnings per Share – Basic and Diluted 1.41 0.93

 

For more information, contact:
Sazgar Engineering Works Limited
88-Ali Town, Thokar Niaz Baig,
Raiwind Road, Lahore, Pakistan
Ph: +92-42-35312125-7
Fax: +92-42-353121828
E-mail: Sazgar@brain.net.pk

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