Punjab Oil Mills Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 11:00 A.M. on Monday, September 26, 2011 at Factory Premises, Plot No. 26-27-28, Industrial Triangle, Kahuta Road, Islamabad the Registered Office of the Company, have approved Financial Results for the Year Ended June 30, 2011.

 

i) Cash Dividend NIL
ii) Bonus Issue NIL
iii) Right Shares NIL

 

Financial Results are as under:-

2011

2010

Rupees

Rupees

Sales-Net  3,710,266,602 3,018,441,736
Cost of sales 3,473,834,763  2,837,147,451
————-  ————-
Gross Profit  236,431,839 181,294,285
Operating Expenses
Selling anti distribution cost 66,336,186 55,120,077
Administrative expenses 61,621,323 47,973,674
 ————-  ————-
127,957,509 103,093,751
————- ————-
Operating Profit 108,474,330 78,200,534
Finance cost 1,892,040 719,488
Other operating charges 8,379,760 6,434,776
 ————- ————-
10,271,200 7,154,264
————-  ————-
98,203,130 71,046,270
Other operating income 4,298,067  6,073,121
————-  ————-
Profit before taxation 102,501,197 77,119,391
Taxation 65,437,264 26,799,599
————-  ————-
Profit for the year 37,063,933 50,319,792
————- ————-
Earnings per share – Basic and diluted 7.51 0.90

 

The Annual C,kner and Meeting of the Company will be held at its Registered Office th.e Mills Premises, Plot No. 26-27-28, Industrial Triangle, Kahuta Road, Islamabad on Saturday, October29, 2011 at 10:30 A.M.

For more information, contact:
Muhammad Saeed Malik
Company Secretary
Punjab Oil Mills Limited
120-E/1, Gulberg – III,
Lahore.
Tel: 5761585-6
Fax: 5710235
Email: finance@punjaboilmills.com

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