Karachi: We have to inform you that the Board of Directors of Sitara Energy Limited (SEL) in their meeting held at 12:00 noon on Thursday, October 6, 2011 approved the financial results of the company for the year ended June 30, 2011.
Final Cash Dividend
Board has approved final cash dividend for the year ended June 30, 2011 at Rs. 10.00 per share (10%).
The financial results are enclosed herewith:
We will send you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time.
The Share Transfer Books of the company will remain closed from October 22, 2011 to October 31, 2011 (both days inclusive) Transfer received in order at the Company’s Shares Registrar’s Office i.e. M/s. Noble Computer Services (Pvt.) Ltd., 1st Floor House of Habib Building, Main Shahrah-e-Faisal, Karachi, at the close of business on October 21, 2011 will be treated in time for the purpose of final cash dividend.
The Twenty First Annual General Meeting of the Company will be held on October 31, 2011 at Karachi.
Financial Results for the Year Ended June 30, 2011
|Year Ended||Year Ended|
|June 30, 2011||June 30, 2011|
|Cost of generation||3,305,509,890||3,397,025,763|
|Other operating income||9,841,400||4,793,930|
|Other operating expenses||4,821,534||5,872,610|
|Profit for the year before taxation||91,527,393||106,926,562|
|Provision for taxation||486,659||(268,789)|
|Profit for the year||91,040,734||107,195,351|
|Earning per share–Basic and diluted||4.77||5.61|
For more information, contact:
Mazhar Ali Khan
Sitara Energy Limited
601-602, Business Centre,
Mumtaz Hasan Road,
Karachi – 74000
Tel: 021 241-3944
Fax: 021 241-5452