Sitara Chemical Industries Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of Sitara Chemical Industries Limited (SITC) in their meeting held at 11:00 a.m. on Saturday, September 24, 2011 approved the financial results of the company for

Final Cash Dividend

Board has approved final cash dividend for the year ended June 30, 2011 at Rs.6.25 per share (62.50%).

The financial results are enclosed herewith:

We will send you 300 copies of printed accounts for distribution amongst the members of the the Exchange in due course of time.

The Share Transfer Books of the company will remain closed from October 15, 2011 to October 22, 2011 (both days inclusive) Transfer received in order at the Company’s Shares Registrars Office i.e. M/s. Noble Computer Services (Pvt.) Limited, 1st Floor House of Habib Building, Main Shahrah-e-Faisal, Karachi., at the close of business on October 14, 2011 will be treated in time for the purpose of final cash dividend to the transferees.

The 30th Annual General Meeting 0f the Company will be held on October 22, 2011 at Karachi.

Sitara Chemical Industries Limited

Financial Results for the Year Ended June 30, 2011-09-26

 

Year Ended

June 30, 2011

Year Ended

June 30, 2010

Rupees

Rupees

Sales-net 6,216,879,954 5,735,795,493
Cost of sales 4,663,238,913 4,197,070,746
————- ————-
Gross Profit 1,553,641,041 1,538,724,747
Other operating income 42,653,372 27,392,429
————- ————-
 1,596,294,413 1,566,117,176
Distribution Cost 123,094,460 62,951,958
Administrative Expenses 217,956,918 231,781,301
Other Operating expenses 42,088,096 51,310,878
Finance Cost 703,493,583 600,871,299
Share of loss of associated -net of tax (8,568,037) 9,239,805
————- ————-
1,078,065,020 956,155,241
————- ————-
Profit before taxation 518,229,393 609,961,935
Provision for taxation 90,238,072 147,244,514
 ————- ————-
Profit after taxation 427,991,321 462,717,421
 ————- ————-
Earnings per share-basic and diluted 19.97 21.59

 

For more information, contact:
Sitara Chemical Industries Limited
601-602, Business Centre,
Mumtaz Hasan Road, Karachi – 74000
Tel: 021-32413944
Fax: 021-3241-5452
Email: sitarakhi@yahoo.com
Web: www.sitara.com.pk

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