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 Dividend25% Interim Dividend (2.50 per share)
Bonus SharesNil
Right SharesNil
Any Other EntitlementNil

 

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 95,744,515 4,620,992 3,070,3542,434,651
Cost of sales104,906,737 3,879,2462,678,3862,078,330
  ——— —————————
Gross profit837,778741,746391,968356,321
 ————————————
Distribution Cost149,052136,71966,29266,168
Administrative expenses196,437 155,138107,20979,728
————————————
345,489291,857173,501145,896
 —————— ——— ———
Operating proFit 492,289449,889218,467210,425
Other operating income17,41312,77810,3675,957
—————— ——————
509,702462,667228,834216,382
Finance Cost94,28682,70852,722 49,730
Other operating expenses40,63130,20421,91414,132
 —————— ——— ———
134,917 112,912 74,63663,862
 ——— —————————
Profit before taxation 374,785 349,755 154,198152,520
————————————
Taxation91,640116,17847,28363,270
—————— ——————
Profit after taxation283,145233,577106,91589,250
—————— ——— ———
Earning Per Share -
Basic and Diluted (Rupees)23.5419.42 8.897.42

 

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