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Karachi: The Board of Directors of Saritow Spinning Mills Limited (SSML) in their meeting held at 11:00 A.M. on Saturday April 28, 2012 at 17-Azia Avenue, Canal Bank, Gulberg V, Lahore the Registered Office of the Company have approved the following Unaudited Financial Results of the Company for the 3rd Quarter ended March 31, 2012.
|
Nine Months Ended |
Three Months Ended |
|||
|
March 31, 2012 |
March 31, 2011 |
March 31, 2012 |
March 31, 2011 |
|
|
Rupees |
||||
| Sales |
1,468,697,685 |
1,653,816,980 |
480,456,241 |
732,968,595 |
| Cost of Goods Sold |
1,347,457,610 |
1,428,036,529 |
406,070,066 |
649,873,160 |
|
————– |
————– |
———— |
———— |
|
| Gross Profit |
121,240,075 |
225,780,451 |
74,386,175 |
83,095,435 |
| Selling and Distribution Expenses |
2,855,466 |
1,957,276 |
773,457 |
436,958 |
| Administrative and General Expenses |
36,626,557 |
35,104,951 |
13,523,553 |
13,634,476 |
|
————– |
————– |
———— |
———— |
|
|
39,482,023 |
37,062,227 |
14,297,010 |
14,071,434 |
|
|
81,758,052 |
188,718,224 |
60,089,165 |
69,024,001 |
|
| Other Operating Income |
256,853 |
225,000 |
75,000 |
75,000 |
|
————– |
————– |
———— |
———— |
|
| Operating Profit |
82,014,905 |
188,943,224 |
60,164,165 |
69,099,001 |
| Gain on business combination |
– |
30,104,117 |
– |
– |
| Finance Cost |
54,884,299 |
55,262,983 |
20,613,460 |
26,459,604 |
| Other Charges |
– |
9,357,617 |
– |
3,051,524 |
|
————– |
————– |
———— |
———— |
|
|
54,884,299 |
64,620,600 |
20,613,460 |
29,511,128 |
|
|
————– |
————– |
———— |
———— |
|
| Profit/(Loss) before Taxation |
27,130,600 |
154,426,741 |
39,550,705 |
39,587,873 |
| Taxation |
(14,704,704) |
(18,104,872) |
(4,804,563) |
(7,328,482) |
|
————– |
————– |
———— |
———— |
|
| Profit/(Loss) After Taxation |
12,425,902 |
136,321,869 |
34,746,142 |
32,259,391 |
|
————– |
————– |
———— |
———— |
|
| Earnings/(Loss) Per Share- Basic and Diluted Rs. |
0.42 |
4.57 |
1.16 |
1.08 |
For more information, Contact:
Saritow Spinning Mills Limited
17 – Aziz Avenue,
Canal Bank, Gulberg – V,
Lahore- 54660, Pakistan.
Ph: 042-35715029-31
Fax: 042-35715015