Sazgar Engineering Works Limited’s financial results for the year ended June 30, 2011

Related Articles

Financial results of Faran Sugar Mills Limited for year ended September 30, 2016

December 29, 2016

Financial results of Sui Northern Gas Pipelines Limited for quarter ended September 30, 2016

December 28, 2016

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Thursday, August 25, 2011 at 10:00 A.M at 111 – Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore, recommended the following:

1. Final Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 at Re.1/- per share i.e. 10%. This is in addition to Interim Dividend already p4id at Re. 1/- per share i.e. 10%.

2. Bonus Shares

It has been recommended by the Board of Directors to issue Bonus shares in the proportion of 20 ordinary shares for every 100 ordinary shares held i.e. 20%. These Bonus shares shall rank pari passu with the existing shares of the company but shall not be entitled to receive the cash dividend declared for the year ended June 30, 2011.

3. Right Shares                                                    Nil

4, Any Other Entitlement/Corporate Action                          Nil

5. Any Other Price – Sensitive Information                         Nil

6. Financial Results

The financial results of the company are attached as per annexure – 1.

The Annual General Meeting of the Company will be held on September 28, 2011 at 10:30 AM, at Four Seasons Banquet Hall, 0.5 1CM- Main Raiwind Road, Thokar Niaz Baig, Lahore.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on close of business on 21 September 2011.

The Share Transfer Books of the Company will be closed from 22nd September 2011 to September 2011 (both days inclusive). Transfers received at the share registrar M/s Corp Tee Associates (Pvt.) Ltd, 7/3 – G, Mushtaq Ahmed Gurrnani Road, Gulberg-II, Lahore at the dose of business on 21 September 2011 will be treated in time for the purpose of above entitlement to the transferees.

Sazgar Engineering Works Limited

Profit and Loss Account

For The Year Ended June 30, 2011

 

	2010	2010
	Rupees	Rupess
Sales – Net	2,542,525,796	1,823,973,707
Cost of Sales	2,271,876,164	1,638,033,502
	————–	—————
Gross Profit	270,649,632	185,940,205
Distribution cost	52,582,383	40,379,786
Administrative expenses	44,028,529	41,070,863
Other operating expenses	12,702,515	13,972,969
	————–	—————
	109,313,427	95,423,618
	————–	—————
	161,336,205	90,516,588
Other Operating Income	1,906,924	1,167,823
	————–	—————
	163,243,129	91,684,411
Finance Cost	15,479,586	11,899,477
	————–	—————
Profit Before Taxation	147,763,543	79,784,934
Taxation	56,539,717	31,791,174
	————–	—————
Profit After Taxation	91,223,826	47,993,760
	————–	—————
Earnings per Share – Basic and Diluted	6.09	3.20

 

Approval of Date and Time for Holding the Annual General Meeting For The Year Ended June 30, 2011
We intend to hold our Annual General Meeting on September 28, 2011 at 10:30 A.M. at Four Seasons Banquet Hall, 0.5 KM., Main Raiwind Road, Thokar Niaz Baig, Lahore.

For more information, contact:
Sazgar Engineering Works Limited
171-Ali Town, Thokar Niaz Baig
Raiwind Road, Lahore. Pakistan
Ph: +92-42-35312125-7
Fax: +92-42-35312128
E-mail: Sazgar@brain.net.pk
URL: WWW.sazgar.com.pk