Sazgar Engineering Works Limited’s financial results for the quarter and half year ended December 31, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Friday, February 10, 2012 at 10:30 A.M. at 88- Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore, recommended the following:

1. Cash Dividend

An Interim Cash Dividend for the half year ended December 31, 2011 @ Re.1/- per ordinary share i.e. 10%.

2. Bonus Shares                                Nil

3. Right Shares                                Nil

4. Financial Results

The Financial Results of the Company are attached as per annexure – I.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on close of business on 23rd February, 2012.

The Share Transfer Books of the Company will be closed from 24th February 2012 to 15th March 2012 (both days inclusive). Transfers received at the share registrar office M/s Corp Tee Associates (Pvt.) Ltd., 7/3 – G, Mushtaq Ahmed Gurmani Road, Gulberg-II, Lahore at the close of business on 23rd February 2012 will be treated in time for the purpose of above entitlement to the transferees.

Condensed Interim Profit and Loss Account (un-audited)

For the Quarter and Half Year Ended December 31, 2011

 

	Oct-Dec	Oct-Dec	Jul-Dec	Jul-Dec
	2011	2010	2011	2010
	Rupees	Rupees	Rupees	Rupees
Sales – Net	729,330,729	712,742,916	1,327,949,756	1,190,118,654
Cost of Sales	639,737,614	635,122,979	1,165,467,972	1,061,231,311
	———–	———–	————-	————-
Gross Profit	89,593,115	77,619,937	162,481,785	128,887,343
Distribution cost	16,271,910	16,241,111	30,050,243	24,631,782
Administrative expenses	13,904,492	12,853,803	27,550,726	23,193,861
Other operating expenses	6,092,347	3,219,043	9,236,868	5,210,107
	———–	———–	————-	————-
	36,268,749	32,313,957	66,837,837	53,035,730
	———–	———–	————-	————-
	53,324,366	45,305,980	95,643,948	75,851,614
Other Operating Income	733,855	71,163	1,326,566	125,249
	———–	———–	————-	————-
	54,058,222	45,377,143	96,970,514	75,976,863
Finance Cost	3,115,999	4,003,053	6,663,260	8,001,815
	———–	———–	————-	————-
Profit Before Taxation	50,942,222	41,374,090	90,307,254	67,975,048
Taxation	21,914,644	16,635,8l3	35,908,792	26,489,722
	———–	———–	————-	————-
Profit After Taxation	29,027,579	24,738,277	54,398,462	41,485,326
	———–	———–	————-	————-
Earnings Per Share – Basic And Diluted	1.62	1.38	3.03	2.31

 

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
URL: www.sazgar.com.pk