January 25, 2021

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Punjab Oil Mills Limited’s financial results for the half year ended December 31, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday, February 29, 2012 at 11:00 A.M. at Plot No. 26-28, [...]

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday, February 29, 2012 at 11:00 A.M. at Plot No. 26-28, Industrial Triangle, Kahuta Road, Islamabad, have approved Half Yearly Accounts for the period Ended 31-12-2011.

i) Cash Dividend        Nil

ii) Bonus Issue         Nil

iii) Right Shares       Nil

Comparative Financial Results are as under:-

 

Six months period ended

Three months period ended

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2011

Dec. 31, 2010

Rupees

Rupees

Rupees

Rupees

Sales – net 2,115,935,494 1,796,978,016 1,083,316,117 981,399,672
Cost of sales 2,001,962,988 1,658,535,462 1,013,830,470 898,197,734
————- ————- ————- ———–
Gross profit 113,972,506 138,442,554 69,485,647 83,201,938
Operating expenses:
Selling and distribution cost 30,160,787 34,800,467 12,460,752 18,579,878
Administrative expenses 28,916,038 27,014,977 15,032,930 13,917,276
————- ————- ————- ———–
59,076,825 61,815,444 27,493,682 32,497,154
————- ————- ————- ———–
Operating profit 54,895,681 76,627,110 41,991,965 50,704,784
Finance cost 2,581,692 603,120 946,976 193,921
Other operating charges 4,006,488 5,616,908 3,009,483 3,653,387
————- ————- ————- ———–
6,588,180 6,220,028 3,956,459 3,847,308
————- ————- ————- ———–
48,307,501 70,407,082 38,035,506 46,857,476
Other operating income 1,448,711 1,539,332 641,946 678,967
————- ————- ————- ———–
Profit before taxation 49,756,212 71,946,414 38,677,452 47,536,443
Taxation 37,254,668 26,145,410 16,350,099 14,468,054
————- ————- ————- ———–
Profit after taxation 12,501,544 45,801,004 22,327,353 33,068,389
————- ————- ————- ———–
Earnings per share

(Restated)

(Restated)

–  basic and diluted 2.32 9.92 4.14 7.16

 

We will be sending you 300 printed copies of the Half Yearly Accounts for the 2nd Quarter ended December 31, 2011, for the distribution amongst your members.

For more information, Contact:
Punjab Oil Mills Limited
26-28 Industrial Triangle
Kahuta Road Islamabad,
Phone: 051-4490017-20
Fax: 051-4490016
P. O. Box. 1321 Rawalpindi
E-mail: info@punjaboillmills.com
Web: www.punjaboilmills.com

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