Home / Financial Results / Shezan International Limited’s financial results for the quarter ended September 30, 2011

Shezan International 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 Wednesday, October 26, 2011 at 11:00 a.m. at Karachi recommended the following:

 

(i) CASH DIVIDEND           N/A

(ii) BONUS SHARES           N/A

The financial results of the Company are as follows:

 

 

September 30, 2011

September 30, 2010

(Rupees in thousands)

Sales 1,368,836 1,056,284
Cost of sales 989,327 789,489
 ——- ——-
Gross profit  379,509 267,095
Distribution cost 212,701 150,316
Administrative expenses 33,513 27,439
Other operating expenses  35,044 29,664
Other operating income (8,557)  (6,568)
 ——-  ——-
272,701 200,851
 ——-  ——-
Operating profit 106,808  66,244
Finance cost  13,353 10,642
Share of loss – associate
——-  ——-
Profit before taxation 93,455 55,602
Taxation  34,000 19,200
   ——-   ——-
Net profit for the year  59,455  36,402
Unrealized loss on re measurement of investment
available for sale  125  (516)
 ——-  ——-
Total Comprehensive income 59,580 35,886
——-   ——-
Earnings per share – basic and diluted (Rupees)  9.91  6.07

 

For more information, contact:
Muhammad Khalid
Chief Executive
Shezan International Limited
Plot L-9, Block No.22,
Federal ‘B’ Industrial Area,
Karachi- 76950, Pakistan
Phones: (92-21) 36348222-23
Fax: (92-21) 36313780
E-mail: shezan@cyber.net.pk

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