Home / Financial Results / Siddiqsons Tin Plate Limited’s financial results for the first quarter ended September 30, 2011

Siddiqsons Tin Plate Limited’s financial results for the first quarter ended September 30, 2011

Karachi: We are pleased to inform you that the Board of Directors of our Company in their meeting held on October 27, 2011 at 11:00 a.m. at 7th Floor, Siddiqsons Tower, Shahrah-e-Faisal, considered and approved the un-audited financial statements for the first quarter ended September 30, 2011 and recommended the following:

Cash Dividend                     NIL
Bonus Shares                      NIL
Right Shares                      NIL
The financial results of the Company for fine quarter ended September 30, 2011 are enclosed herewith.

Siddiqsons Tin Plate Limited Profit and Loss Account For the 1st Quarter Ended September 30, 2011

 

Three Months

 Note

September 30

September 30

2011

2010

(July September)

Rupees

Sales – net 734,778,551  847,782,125
Cost of goods sold (684,167,391) (764,176,207)
———–  ———–
Gross profit  50,611,160  83,605,918
Other operating income 3,180,809  2,364,791
 ———– ———–
53,791,969  85,970,709
Distribution cost (2,990,762) (4,711,655)
Administrative expenses  (16,811,720) (15,502,069)
Other operating expenses  (2,017,973) (9,976,210)
Finance cost  (22,538,737)  (28,022,476)
———–  ———–
Profit before taxation  9,432,777 27,758,299
Provision for taxation  (7,347,786)  (10,273,175)
 ———– ———–
Profit for the year 2,084,991  17,485,124
———–  ———–
Earnings per share – Basie and Diluted 0.03  0.22

 

The annexed notes form an integral part of these financial statements

For more information, contact:
Siddiqsons Tin Plate Limited
D-53, Textile Avenue, S.I.T.E
Karachi-75700.
Tel: 92-21-2577480-9
Fax: (92-21) 2572839
Website: http://www.siddiqsons.com
E-mail import@siddiqsons.com

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