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