Sitara Chemical Industries Limited’s financial results for the half year ended December 31, 2011
1 min readKarachi: We have to inform you that the Board of Directors of our company in their meeting held on Thursday, February 2, 2012 at 11:00 a.m. at Plant Premises, 32 K.M. Sheikhupura Road, Faisalabad, approved the financial results for the Half year ended December 31, 2011.
The financial results are enclosed herewith:
Condensed Interim Profit and Loss Account (Un-Audited) for the Six Months Ended December 31, 2011
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Six Months Ended |
Three Months Ended |
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December31 |
December 31 |
December 31 |
December 31 |
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2011 |
2010 |
2011 |
2010 |
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(Rupees in thousands) |
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| Sales net | 3,629,686 | 2,917,517 | 1,910,989 | 1,507,699 |
| Cost of sales | 2,615,423 | 2,250,903 | 1,313,365 | 1,155,492 |
| ——— | ——— | ——— | ——— | |
| Gross profit | 1,014,263 | 666,614 | 597,624 | 352,207 |
| Other operating income | 16,809 | 25,112 | 8,608 | 11,820 |
| ——— | ——— | ——— | ——— | |
| 1,031,072 | 691,726 | 606,232 | 364,027 | |
| Distribution cost | 56,533 | 37,343 | 27,867 | 24,339 |
| Administrative expenses | 107,110 | 107,184 | 52,610 | 58,057 |
| Other operating expenses | 40,118 | 15,428 | 24,754 | 7,951 |
| Finance cost | 360,346 | 323,097 | 174,960 | 166,395 |
| Share of profit of associates – net of tax | (8,024) | 3,805 | (5,703) | 3,805 |
| Impairment loss on investment in associate | 16,378 | 3,245 | 16,378 | 3,245 |
| ——— | ——— | ——— | ——— | |
| 572,461 | 490,602 | 290,366 | 263,792 | |
| ——— | ——— | ——— | ——— | |
| Profit before taxation | 458,611 | 201,124 | 315,366 | 100,235 |
| Provision for taxation | 144,092 | 74,149 | 100,232 | 35,638 |
| ——— | ——— | ——— | ——— | |
| Profit for the period | 314,519 | 126,975 | 215,134 | 64,597 |
| ——— | ——— | ——— | ——— | |
| Earnings per share – basic | ||||
| and diluted (Rupees) | 14.68 | 5.93 | 10.04 | 3.01 |
For more information, contact:
Sitara Chemical Industries Limited
601-602, Business Centre,
Mumtaz Hasan Road, Karachi-74000
Tel: (021) 32413944, 32420620
Fax: (021) 3241-5452
E-mail: sitarakhi@yahoo.com
Website: www.sitara.com.pk