Home / Financial Results / Sitara Chemical Industries Limited’s financial results for the first quarter ended September 30, 2011

Sitara Chemical Industries Limited’s financial results for the first quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of Sitara Chemical Industries Limited (SITC) in their meeting held on Tuesday, October 25, 2011 approved the financial results of the company for the first quarter ended September 30, 2011.

 

Quarter Ended

September 30,

September 30,

2011

2010

(Rupees in thousands)

Sales 1,718,697 1,409,818
Cost of’ Goods Sold 1,302,058 1,095,411
 ——— ———
Gross Profit 416,639 314,407
Other Operating Income 8,201 13,292
——— ———
424,840 327,699
Distribution Cost  (28,666) (13,504)
Administrative Expenses  (54,500) (49,127)
Other Operating Expenses (15,364)  (7,477)
Share of Profit of Associates 2,321  –
———  ———
Operating Profit 328,631 257,591
Finance Cost 185,386 156,702
———  ———
Net Profit before Taxation 143,245 100,889
Taxation 43,860 38,691
——— ———
Net Profit after Taxation 99,385 62,198
——— ———
Earnings per share-basic (Rupees) 4.64 2.90

 

For more information, contact:
Mazhar Ali Khan
Company Secretary
Sitara Chemical Industries Limited
601-602, Business Centre,
Mumtaz Hasan Road, Karachi-74000
Tel: (021) 32413944, 32420620
Fax: (021) 3241-5452
E-mail: sitarakhi@yahoo.com
Website: www.sitara.com.pk

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