Sapphire Fibres Limited’s financial results for the year ended 30-06-2011

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Karachi: We have to inform you that the Board of Directors of our company in their Meeting held at 03:30 pm n Wednesday the 05th day of October 2011 recommended the following:

Cash Dividend

A final Cash Dividend for the year ended 30th June, 2011 @ Rs.5.00 per share i.e. 50%.

The financial results of the Company are as follows:

 

	Year Ended	Year Ended
	June 30, 2011	June 30, 2011
	Rupees	Rupees
Sales	15,452,802,106	9,235,883,847
Cost of Sales	12,143,187,928	7,325,040,514
	————–	————-
Gross Profit	3,309,614,178	1,910,843,333
Selling and Distribution Expnses	575,813,601	466,804,875
Administrative Expenses	158,973,379	100,818,241
Other Operating Expenses	176,939,507	107,912,568
Other Operating Income	(273,876,901)	(215,733,657)
	————–	————-
	637,849,586	459,802,027
	————–	————-
Profit from Operations	2,671,764,592	1,451,041,306
Finance Cost	596,669,445	624,467,147
	————–	————-
Profit before Taxation	2,075,095,147	826,574,159
Taxation
Current year	181,999,044	103,913,136
Prior years	1,078,007	8,002,232
Deferred	(32,505,422)	(9,109,690)
	————–	————-
	150,571,629	102,805,678
	————–	————-
Profit after Taxation	1,924,523,518	723,768,481
	————–	————-
Share Basic and Diluted	97.75	36.76

 

The Annual General Meeting of he Company will be held at 06: 15 pm on 28th October, 2011 at trading Hall, Cotton Exchange Building, I.I. Chundrigar Road, Karachi.

The above entitlement will be paid to the shareholders whose names appear in the Register of the Members on 22nd October, 2011.

The Share Transfer Books of the Company will be closed from 22nd October, 2011 to 28th October, 2011 (both days inclusive). Transfers received at THK Associates (Private) limited, Ground Floor, State Life Building No.3, Dr. Ziauddin Ahmed Road, Karachi at the close of business on 21st October, 2011 will be treated in time for the purpose of payment of Dividend to the transferees.

For more information, contact:
Shaukat Mahmud
Secretary
Sapphire Fibres Limited
316, Cotton Exchange Building, I.I. Chundrigar Road,
Karachi (Pakistan)
UAN: 92 21 111 000 100
Fax: 92 21 35758783