Sana Industries Limited’s financial results for the year ended 30th June 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 9.00 AM on Thursday, 15th September, 2011 have recommended the following:

Cash Dividend

A final cash dividend for the year ended 30th June, 2011 at Rs. 7.50 per Share i.e. 75% has been recommended by the Directors.

Stock Dividend (Bonus Shares)

Stock Dividend (Bonus shores) at one shore for every four shores held (25%) for the year ended 30th June, 2011 has been recommended by the Directors.

The financial results of the Company for the year ended 30th June, 2011 are enclosed.

Notice of Annual General Meeting And Book Closure

The 26th Annual General Meeting of the Company will inshaAllah be held on Saturday, 15th October, 2011 at 11.00 AM at the Company’s Office situated at SF-96, S.I.T.E., Karachi.

The final cash dividend and Stock dividend, if approved by the Shareholders, will be paid to Shareholders whose names appear in the Register of Members on 7/10/2011.

The Share Transfer Books of the Company for entitlement of Dividend will remain closed from 8/10/2011 to 15/10/2011 (both days inclusive) Transfers received at the office of the Registrar of the Company MIs. Central Depository Company of Pakistan Limited, Share Registrar Department, CDC House 99-B1 Block B, S.M.C.H.S., Karachi, at the close of business on 1/10/2009 will be treated in time for the purpose of payment of Dividend to the Transferees.

Financial Results

For the Year Ended June 30, 2011

 

June 30, 2011

June 30, 2010

(Rupees)

Turnover- net 985,674,838713,116,808
Cost of sales (819,883,478) (613,935,083)
 ———–———–
Gross profit 145,791,36099,181,725
Selling and distribution cost (5,640,995) (4,737,643)
Administrative expenses (15,466,684) (14,339,571)
Other operating expenses (7,880,058) (5,405,942)
Other operating income10,683,9421,809,166
  ———–———–
Profit before finance cost and taxation127,487,56576,507,735
Finance cost (21,340,918) (18,018,472)
 ———–———–
Profit before taxation105,646,64758,489,263
Provision for taxation – current (36,788,567) (21,615,460)
 ———–  ———–
Profit after taxation68,858,08036,873,803
 ———–———–
Earnings per share – Basic and Diluted12.526.70

 

For more information, contact:
Sana Industries Limited
P.O. Box 10651,
Sindh Industrial Trading Estate,
Karachi – 75700,
Pakistan.
Tel: 32561728-9
Fax: 32570833
Email: sanasales@cyber.net.pk