Sazgar Engineering Works Limited’s financial results for the quarter ended September 30, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Saturday, October 15, 2011 at 10:30 A.M. at 88- Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore, recommended the following:

 

1. Cash Dividend     Nil

2. Bonus Shares      Nil

3. Right Shares      Nil

4. Financial Results

Annexure – 1

Condensed Profit and Loss Account (Un-Audited) for the Quarter Ended September 30, 2011

 

	Jul-Sep	Jul-Sep
	2011	2010
	Rupees	Rupees
Sales – Net	598,619,027	477,375,738
Cost of Sales	525,730,358	426,108,332
	———–	———–
Gross Profit	72,888,669	51,267,406
Distribution cost	13,778,333	8,590,650
Administrative expenses	13,646,234	10,340,058
Other operating expenses	3,144,521	1,991,064
	———–	———–
	30,569,088	20,721,772
	———–	———–
	42,319,581	30,545,634
Other Operating Income	592,711	54,086
	———–	———–
	42,912,292	30,599,720
Finance Cost	3,547,261	3,998,762
	———–	———–
Profit before Taxation	39,365,031	26,600,959
Taxation	13,994,148	9,853,909
	———–	———–
Profit after Taxation	25,370,884	16,747,050
	———–	———–
Earnings per Share – Basic and Diluted	1.41	0.93

 

For more information, contact:
Sazgar Engineering Works Limited
88-Ali Town, Thokar Niaz Baig,
Raiwind Road, Lahore, Pakistan
Ph: +92-42-35312125-7
Fax: +92-42-353121828
E-mail: Sazgar@brain.net.pk