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Karachi, August 28, 2012 (PPI-OT): We have to inform you that the Board of Directors in their meeting held on August 28, 2012 at 11:00 a.m. at the registered office of the Company, has approved the accounts for the half year ended June 30, 2012 and recommended the following:
1) Cash Dividend Nil
2) Bonus Shares Nil
3) Right Shares Nil
4) Any other entitlement Nil
The financial results of the Company are as under:
|
Six Months Ended |
Three Months Ended |
|||
| June 30, | June 30, | June 30, | June 30, | |
| 2012 | 2011 | 2012 | 2011 | |
|
(Rupees in thousand) |
||||
| Sales | 5,808,123 | 5,244,515 | 3,199,396 | 3,070,354 |
| Cost of sales | 4,966,055 | 4,906,737 | 2,747,069 | 2,678,386 |
| ——— | ——— | ——— | ——— | |
| Gross profit | 839,068 | 837,778 | 452,337 | 391,968 |
| Distribution cost | 224,415 | 149,057 | 137,530 | 66,292 |
| Administrative expenses | 244,660 | 196,437 | 124,863 | 107,209 |
| Other operating expenses | 23,225 | 40,631 | 12,368 | 21,914 |
| Finance cost | 152,954 | 94,286 | 82,459 | 52,722 |
| Other operating income | (28,835) | (17,413) | (13,049) | (10,367) |
| ——— | ——— | ——— | ——— | |
| 616,919 | 462,993 | 344,121 | 237,770 | |
| ——— | ——— | ——— | ——— | |
| Profit before taxation | 222,149 | 374,785 | 108,166 | 154,198 |
| ——— | ——— | ——— | ——— | |
| 73,223 | 91,640 | 55,248 | 47,283 | |
| ——— | ——— | ——— | ——— | |
| Profit after taxation | 148,926 | 283,145 | 52,918 | 106,915 |
| ——— | ——— | ——— | ——— | |
| Earning per Share –Basic and Diluted (Rupees) | 12.38 | 23.54 | 4.40 | 8.89 |
For more information, contact:
Service Industries Limited
Service House, 2-Main Gulberg
Lahore-54662 (Pakistan)
Phone: (42) 5751990-96
Fax: (42) 5710593