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Financial Results

Service Industries Limited’s financial results for the half year ended June 30, 2011

Karachi: We wish to inform you that the Board of Directors of our Company in its meeting held on Friday 26th August, 2011 at 10:00 a.m., at Servis House, 2-Main Gulberg, Lahore has recommended the following:

 

Cash Dividend 25% Interim Dividend (2.50 per share)
Bonus Shares Nil
Right Shares Nil
Any Other Entitlement Nil

 

Financial Results:

Summary of the financial results is annexed.

Closure or Share Transfer Books:

The Share Transfer Books of the company will remain closed from 24/09/2011 to 30/09/2011 (both days inclusive). Transfers received in order at the Company’s Shares Registrar office, M/s. Hameed Majeed Associates (Pvt.) Limited at 1st Floor, H.M. House, 7-Bank Square, The Mall, Lahore at the close of business on 23/09/2011 will be treated in time for the purpose of payment of interim dividend to the shareholders

Service Industries Limited

Condensed Interim Profit and Loss Account

For the Half year Ended June 30, 2011

(Un-Audited)

 

Six Months Ended

Three Months Ended

Jun 30,2011

Jun 30, 2010

Jun 30, 2011

Jun 30, 2010

Note

Rupees in thousand

Sales  9 5,744,515  4,620,992  3,070,354 2,434,651
Cost of sales 10 4,906,737  3,879,246 2,678,386 2,078,330
  ———  ——— ——— ———
Gross profit 837,778 741,746 391,968 356,321
 ——— ——— ——— ———
Distribution Cost 149,052 136,719 66,292 66,168
Administrative expenses 196,437  155,138 107,209 79,728
——— ——— ——— ———
345,489 291,857 173,501 145,896
 ——— ———  ———  ———
Operating proFit  492,289 449,889 218,467 210,425
Other operating income 17,413 12,778 10,367 5,957
——— ———  ——— ———
509,702 462,667 228,834 216,382
Finance Cost 94,286 82,708 52,722  49,730
Other operating expenses 40,631 30,204 21,914 14,132
 ——— ———  ———  ———
134,917  112,912  74,636 63,862
 ———  ——— ——— ———
Profit before taxation  374,785  349,755  154,198 152,520
——— ——— ——— ———
Taxation 91,640 116,178 47,283 63,270
——— ———  ——— ———
Profit after taxation 283,145 233,577 106,915 89,250
——— ———  ———  ———
Earning Per Share –
Basic and Diluted (Rupees) 23.54 19.42  8.89 7.42

 

For more information, contact:
Service Industries Limited
Servis House,
2-Main Gulberg
Lahore -54662 (Pakistan)
Tel: (42) 5751990-96
Fax: (42) 5710593

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