Kohinoor Energy Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of Kohinoor Energy Limited (KOHE) in their Meeting held at 09:30 A.M on (Friday) August 26, 2011 at Plant Site Near Tablighi Ijtima, Raiwand Bypass, Lahore have approved the Annual Audited Accounts of the Company for the year ended June 30, 2011

Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 at the rate of Rs. 1.50 per share i.e. @15%.

The financial results of the Company are as follows:

 

June 30, 2011

June 30, 2010

(Rupees in thousand)

Sales10,902,0899,467,394
Cost of sales (10,010,742)(8,629,255)
———-———-
Gross profit891,347838,139
Administration Expenses(210,236) (184,249)
Other operating income40,66758,970
———- ———-
Profit from operations721,778712,860
Finance Costs (79,858) (5,545)
———- ———-
Profit before taxation641,920707,315
Taxation (12,456) (20,023)
 ———-  ———-
Profit for the year629,464687,292
 ———-———-
Earnings per share3.71 4.06

 

The Annual General Meeting of Shareholders of the Company will be held at 10:30 AM on Thursday September 29, 2011 at Lahore Office of the Company situated at 17-Aziz Avenue, Canal Bank, Gulberg V, Lahore The share Transfer Books of the Company will remain closed from September 29, 2011 to October 05, 2011 (both days inclusive). Transfers at our Share Registrar Office CORPLINK (PVT) LIMITED Wings Arcade, I-K, Commercial, Model Town, Lahore upto the close of business hours on September 28, 2011 will be treated in time for the purpose of entitlement of Cash Dividend to the transferees

 

For more information, contact:
Kohinoor Energy Limited
Near Tablighi Ijtama,
Raiwind Bypass Post Code 55140 Lahore,
Pakistan
Uan: 92 42 111-111-535
Tel: 92 42 35392317
Fax: 92 42 35393415-17