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Financial Results

Sapphire Textile Mills Limited’s financial results for the year ended 30-Jun-2011

Karachi: We have to inform you that the Board of Directors of our company in their Meeting held at 2.30 p.m. on Wednesday the 05th day of October, 2011, recommended the following:

CASH DIVIDEND

A final cash dividend for the year ended 30th June, 2011 @ Rs. 5/- per share i.e. 50%.

The financial results of the Company are as follows:

 

Year Ended Jun 30,

Year Ended Jun 30,

2011

2010

Rupees

Sales and Services 22,937,176,131 14,428,081,425
Cost of Sales and Services (19,519,401,987)  (11,692,032,939)
 ————– ————–
Gross Profit 3,417,774,144 2,736,048,486
Distribution Cost  (896,241,505)  (668,532,787)
Administrative expenses  (173,202,297) (135,365,980)
Other Operating expenses (213,905,111) (282,174,544)
Other Operating income 451,561,230 194,854,305
 ————– ————–
 (831,687,683)  (871,819,006)
 ————–  ————–
 2,586,086,461  1,864,229,480
Finance Cost (812,051,433) (748,615,774)
 ————– ————–
Profit before taxation  1,774,035,028 1,115,613,706
Taxation
Current
For the year  (266,504,864)  (184,774,226)
Prior year 1,525,438  850,270
Deferred  98,349,467 83,854,367
  ————– ————–
 (166,629,959)  (100,069,589)
 ————–  ————–
Profit after Taxation 1,607,405,069 1,015,544,117
 ————– ————–
Earning per Share – Basic and Diluted  80.04 50.57

 

The Annual General Meeting of the Company will be held at 5.45 p.m. 28th October, 2011 at Trading Hall, Cotton Exchange Building I.I. Chundrigar Road, Karachi.

The above entitlement will be paid to the shareholders, whose names appear in the Register in the Members on 22nd October, 2011.

The Share Transfer Books of the Company will be closed from 22nd October, 2011 to 28th October, 2011 (both days inclusive). Transfer received at Hameed Majeed Associates (Private) Limited, 5th Floor Karachi Chambers, Hasrat Mohani Road, Karachi at the close of business on 21st October, 2011 will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Zeeshan Qureshi
Sapphire Textile Mills Limited
149-Cotton Exchange Building,
I.I. Chundrigar Road,
Karachi – 74000,
Pakistan.
Tel: 92-21-111-000-100
Fax: 92-21-2417418
Email: Karachi.office@sapphire.com.pk

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