Ismail Industries Limited’s submission of financial result for the year ended June 30, 2011

Karachi: We are pleased to enclose herewith financial result of the company under sealed cover for the year ended June 30, 2011 declared by the company’s board of directors in their meeting held on September 27, 2011.

Financial Result for the Year Ended June 30, 2011

We have to inform you that the Board of Directors of our company in their Meeting held, on Tuesday the 27, September 2011 at 11.00 a.m. at company’s registered office located at 17-Bangalore Town, Main Shara-e-Faisal, Karachi, recommended the following:

(I) Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 at Rs. 2/- per share i.e.20%.

The financial results of the company are as follows:

 

2011

2010

Rupees

Rupees

Sales  9,087,186,716 7,511,873,768
Less: sales tax 1,349,250,742 1,009,974,852
 ————- ————-
Net sales 7,737,935,974  6,501,898,916
Cost of sales 6,276,293,321 5,374,174,614
 ————-  ————-
Gross profit 1,461,642,653 1,127,724,302
Selling and distribution expenses 484,585,714 370,620,637
Administrative expenses 69,215,300 52,225,998
————- ————-
553,801,014 422,846,635
Other operating income 65,209,036 71,699,086
 ————- ————-
973,050,675 776,576,753
Other operating expenses 30,177,065 23,992,911
Finance cost 526,742,510 474,857,375
————- ————-
556,919,575  498,850,286
————-  ————-
416,131,100 277,726,467
Share of profit from associated undertaking 111,970,040 27,036,567
————- ————-
Profit before tax 528,101,140 304,763,034
Taxation expense 222,363,022 93,548,141
————- ————-
Profit for the year 305,738,118 211,214,893
Other comprehensive income
————-  ————-
Total comprehensive income for the year 305,738,118 211,214,893
————- ————-
Earnings per share – basic and diluted 6.05 5.88

 

 

Ismail Industries Limited

The Annual General Meeting of the company will be held on Thursday the 27th day of October, 2011 at 11:00 a.m. at Karachi.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on October 19, 2011.

The Share Transfer Books of the company will be closed from October 20, 2011 to October 26, 2011 (both days inclusive). Shares Transfers received at our shares registrar M/s. THK Associates (Pvt.) Limited, Ground Floor, State Life Building No.3, Dr. Zia uddin Ahmed Road, Karachi, Phone # 021-111-000-322 or at our Registered Office located at 17-Bangalore Town, Main Shahra-e-Faisal, Karachi at the close of business on October 19, 20 will be treated in time for the purpose of above entitlement to the transferees.

 

For more information, contact:
Ismail Industries Limited
17-Bangalore Town,
Shahrah-e-Faisal,
Karachi-75350
Pakistan.
Tel: 0092-21 3431-1172-5
Fax: 0092-21 3454-1094
Email: info@candylan1.com

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