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Karachi: We have to inform you that Board of Directors in their meeting held on 08th October, 2011 at 11:30 AM. at 76- B, New Muslim Town, Lahore, recommended by the Board of Directors to issue Bonus Shares in the proportion of 7 share(s) for every 100 share(s) held i.e. 7% for the year ended 30-06-2011. The financial results of the Company are as follows:-
| June 30, 2011 | June 30, 2010 | |
| Rupees | Rupees | |
| Sales – net | 1,847,895,714 | 1,193,372,037 |
| Cost of sales | (1,711,083,079) | (1,072,082,380) |
| ————- | ————- | |
| Gross profit | 136,812,634 | 121,289,657 |
| Other operating income | 3,554,783 | 883,361 |
| Distribution cost | (8,681,930) | (7,209,503) |
| Administrative expenses | (15,355,839) | (16,753,923) |
| Other operating expenses | (2,488,158) | (11,220,850) |
| Finance cost | (70,047,621) | (58,282,384) |
| ————- | ————- | |
| Profit before taxation | 43,793,869 | 28,706,358 |
| Taxation | (26,909,689) | (26,666,055) |
| ————- | ————- | |
| Profit for the year | 16,884,180 | 2,040,303 |
| ————- | ————- | |
| Earnings per share – basic and diluted | 4.04 | 0.49 |
The Annual General Meeting of the Company will be held on 31-10-2011 at 8:30 P.M. at Salman Noman Enterprises Limited (SANE). 3- KM. Balloki Road, Bhai Pheru, Distt. Kasur.
The share transfer books of the company will remain closed from 31st October, 2011 to 6th November, 2011 (both days inclusive).
For more information, contact:
Salman Noman Enterprises Limited
76-B, New Muslim Town,
Lahore Pakistan.
Tel: +92 42 5837280, 5836721
Fax: +92 42 5889580