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Financial Results

HighNoon Laboratories Limited’s financial results for the half year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on August 17, 2011 at 09.00 a.m. at 17.5 K.M. Multan Road, Lahore approved the accounts for the half year ended June 30, 2011.

The financial results of the Company are as follows:

 

Six Months Ended

Quarter Ended

June 30

June 30

2011 2010 2011 2010

(Rupees)

Revenue – Net 1,465,105,537 1,322,651,075 808,210,291 699,012,751
Cost Of Sales 975,162,082 866,087,059 551,132,947 450,859,078
————-  ————- ———– ———–
Gross Profit 489,943,455 456,564,016 257,077,344 248,153,673
Operating Expenses
Distribution, Selling and Promotional 288,912,804 283,468,190 152,531,640 144,964,713
Administrative and General  91,790,074 80,442,755 48,703,991 44,170,057
Research and Development 4,147,461 2,196,417 2,336,403 972,984
Other Operating Charges 9,492,941 4,314,978 5,784,212 3,307,618
————-  ————- ———– ———–
394,343,280 370,422,340 209,356,246 193,415,372
————- ————- ———– ———–
95,600,175 86,141,676 47,721,098  54,738,301
Other Operating Income 5,358,499 5,971,120 3,604,559 3,177,024
 ————-  ————- ———– ———–
100,958,674 92,112,796 51,325,657 57,915,325
Financial Cost 43,942,063 43,643,261 21,652,248 22,467,815
 ————- ————- ———– ———–
Profit before Tax 57,016,611 48,469,535 29,673,409 35,447,510
Taxation 18,484,959 18,082,952 8,914,838 11,401,828
————-  ————- ———–  ———–
Profit after Tax 38,531,652 30,386,583 20,758,571 24,045,682
————-  ————- ———– ———–
Earnings per Share 2.12 1.67 1.14 1.32

 

For more information, contact:
Khadim Hussain Mirza
Company Secretary
HighNoon Laboratories Limited
17.5 Kilometer, Multan Road,
Lahore -53700 (Pakistan)
P.O. Box 3318. Gulberg,
Lahore-54660 (Pakistan)
UAN: 111-000-465
Fax: 92-42-37510037

highnoon-laboratories-limited%e2%80%99s-financial-results-for-the-half-year-ended-june-30-2011

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