GoodLuck Industries Limited’s financial results for the year June 30, 2011

Karachi: This is to inform you that the annual reports and accounts for the period ended 30th June 2011 was approved in the meeting of the Board of Directors of the Company held on 15th September 2011 at 11.00 a.m. the Board of Directors of the Company proposed Cash Dividend @ 20% i.e. Rs. 2/= per share for the year ended June 2011.

The financial result of the Company for the year ended June 2011 is enclosed herewith for announcement and information for the members.

The closure of books for transfer of shares will be from 04th October 2011 to 11th October 2011 (both days inclusive). No application for transfer will be entertained during the period. Notice of the Annual General Meeting and annual reports and accounts for the year June 2011 will be dispatched in due course of time.

 

Profit and Loss Account For the year ended 30 June 2011

Note

2011

2010

Rupees

Rupees

Sales 16 381,582,157 488,276,553
Cost of sales 17 372,786,927 477,370,821
———– ———–
Gross profit 8,795,230 10,905,732
Administrative expenses 18 6,775,184 6,259,508
Selling expenses 108,135 153,778
Other Charges  19 161,167 369,530
7,044,486 6,782,816
———–  ———–
1,750,744 4,122,918
Financial charges 20 148,829  113,959
———–  ———–
Profit before taxation  1,601,915  4,008,957
Taxation
– Current 763,164 2,441,383
– Prior  37,191 308,547
– Deferred 121,267  (104,500)
———– ———–
921,623 2,643,430
 ———–  ———–
Profit after taxation  660,292  1,365,527
Other comprehensive income  –  –
———–  ———–
Total comprehensive income 680,292 1,365,527
———–  ———–
Basic earnings per share 21  2.27   4.55

 

The annexed notes form an integral part of these financial statements.

For more information, contact:
GoodLuck Industries Limited
S-49/A, S.I.T.E.,
Mauripur Road,
Karachi, Pakistan.
Tel: 92-21-32354361-64
Email: goodluckindltd@live.com

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