Punjab Oil Mills Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 11:00 A.M. on Monday, September 26, 2011 at Factory Premises, Plot No. 26-27-28, Industrial Triangle, Kahuta Road, Islamabad the Registered Office of the Company, have approved Financial Results for the Year Ended June 30, 2011.

 

i)Cash DividendNIL
ii)Bonus IssueNIL
iii)Right SharesNIL

 

Financial Results are as under:-

2011

2010

Rupees

Rupees

Sales-Net 3,710,266,6023,018,441,736
Cost of sales3,473,834,763 2,837,147,451
————- ————-
Gross Profit 236,431,839181,294,285
Operating Expenses
Selling anti distribution cost66,336,18655,120,077
Administrative expenses61,621,32347,973,674
 ————- ————-
127,957,509103,093,751
————-————-
Operating Profit108,474,33078,200,534
Finance cost1,892,040719,488
Other operating charges8,379,7606,434,776
 ————-————-
10,271,2007,154,264
————- ————-
98,203,13071,046,270
Other operating income4,298,067 6,073,121
————- ————-
Profit before taxation102,501,19777,119,391
Taxation65,437,26426,799,599
————- ————-
Profit for the year37,063,93350,319,792
————-————-
Earnings per share – Basic and diluted7.510.90

 

The Annual C,kner and Meeting of the Company will be held at its Registered Office th.e Mills Premises, Plot No. 26-27-28, Industrial Triangle, Kahuta Road, Islamabad on Saturday, October29, 2011 at 10:30 A.M.

For more information, contact:
Muhammad Saeed Malik
Company Secretary
Punjab Oil Mills Limited
120-E/1, Gulberg – III,
Lahore.
Tel: 5761585-6
Fax: 5710235
Email: finance@punjaboilmills.com