Home / Financial Results / Southern Networks Limited’s announcement of financial results for the quarter ended 30th September, 2011

Southern Networks Limited’s announcement of financial results for the quarter ended 30th September, 2011

Karachi: We have to inform you that the Board of Directors at our Company in their meeting held on 31st October, 2011 at 5-Y, Block-6, P.E.C.H.S. Karachi recommended the following:

(i) Cash Dividend       Nil
(ii) Bonus Shares       Nil
(iii) Right Shares      Nil

The financial results of the Company are as follows:

 

September 30

September 30

2011

2010

Rupees

Rupees

Revenue  24,425,802 12,823,605
Cost of sales and services (excluding depreciation) 16,005,964 8,320,362
———-  ———-
Gross profit before depreciation 8,419,838 4,503,243
Depreciation (relating to cost of sales and services) 3,773,493 3,987,833
 ———-  ———-
Gross profit/ (Loss) 4,646,345 515,410
Other operating income 7,637,124 1,324,907
 ———- ———-
 12,283,469 1,840,318
Administrative expenses  2,604,024  1,991,991
Selling expenses   5,197,085  3,808,767
Financial charges 12,862 17,153
 ———-  ———-
7,813,971 5,817,911
 ———-  ———-
Operating Profit/ (Loss) before tax 4,469,498 (3,977,593)
Tax expense 249,249 140,890
 ———-  ———-
Net Profit/ (Loss) for the year after tax 4,220,249  (4,118,483)
 ———-  ———-
Profit/ (Loss) per share – basic 0.08  (0.08)

 

For more information, contact:
Abdul Hameed
Company Secretary
Southern Networks Limited
5-Y, Block- 6, P.E.C.H.S.,
Karachi- 75100, Pakistan
UAN: 111 222 333
Tel: (92 21) 34386948
Fax: (92 21) 4386948
Web: www.dwn.com.pk

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