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Saturday, February 24th, 2018

Sitara Chemical Industries Limited’s financial results for the 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 Thursday, February 2, 2012 at 11:00 a.m. at Plant Premises, 32 K.M. Sheikhupura Road, Faisalabad, approved the financial results for the Half year ended December 31, 2011.

The financial results are enclosed herewith:

Condensed Interim Profit and Loss Account (Un-Audited) for the Six Months Ended December 31, 2011

 

Six Months Ended

Three Months Ended

December31

December 31

December 31

December 31

2011

2010

2011

2010

(Rupees in thousands)

Sales net  3,629,686 2,917,517  1,910,989  1,507,699
Cost of sales   2,615,423  2,250,903  1,313,365  1,155,492
 ———   ———  ———   ———
Gross profit  1,014,263 666,614 597,624  352,207
Other operating income 16,809  25,112 8,608  11,820
 ——— ———  ——— ———
 1,031,072 691,726 606,232 364,027
Distribution cost 56,533 37,343    27,867 24,339
Administrative expenses  107,110 107,184  52,610  58,057
Other operating expenses  40,118  15,428 24,754 7,951
Finance cost  360,346   323,097  174,960 166,395
Share of profit of associates – net of tax  (8,024) 3,805   (5,703) 3,805
Impairment loss on investment in associate 16,378 3,245 16,378  3,245
    ———  ———   ———  ———
 572,461  490,602  290,366  263,792
  ———  ———  ———   ———
Profit before taxation     458,611 201,124 315,366 100,235
Provision for taxation   144,092 74,149  100,232    35,638
 ———   ———  ———   ———
Profit for the period   314,519 126,975 215,134   64,597
——— ———   ———   ———
Earnings per share – basic
and diluted (Rupees)  14.68 5.93   10.04  3.01

 

 

For more information, contact:
Sitara Chemical Industries Limited
601-602, Business Centre,
Mumtaz Hasan Road, Karachi-74000
Tel: (021) 32413944, 32420620
Fax: (021) 3241-5452
E-mail: sitarakhi@yahoo.com
Website: www.sitara.com.pk

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