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Salman Noman Enterprises Limited’s financial results for the year ended 30-06-2012

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Karachi, October 3, 2012 (PPI-OT): We have to inform your that Board of Directors in their meeting held on 03rd October, 2012 at 11:30 A.M. at 55 – B, Ahmed Block New Garden Town, Lahore, did not recommend any dividend for the year ended 30-06-2012. The financial results of the Company are as follows:-

June 30,

June 30,

2012

2011

Rupees

Rupees

Sales – net

1,533,227,575

1,841,189,006

Cost of sales

(1,569,741,958)

(1,711,083,079)

————-

————-

Gross Profit / (Loss)

(36,514,383)

130,105,927

Other operating expenses

2,681,840

3,554,783

Distribution cost

(1,809,591)

(1,975,222)

Administrative expenses

(18,966,199)

(15,355,839)

Other operating expenses

(151,549)

(2,488,158)

Finance cost

(67,960,748)

(70,047,621)

————-

————-

Profit / (Loss) before taxation

(122,720,629)

43,793,869

Taxation

(892,211)

(26,909,689)

————-

————-

Profit / (Loss) for the year

(123,612,840)

16,884,180

————-

————-

Earning per share-basic and diluted

(27.67)

3.78

The Annual General Meeting of the Company will be held on 24-10-2012 at 10:00 A.M. at Salman Noman Enterprises Limited, 3rd K.M. Balloki Road, Bhai Phero, Distt. Kasur.

The share transfer books of the company will remain closed from 25th October, 2012 to 31st October 2012 (both days inclusive).

For more information, contact:
Nauman Almas
Chief Executive
Salman Noman Enterprises Limited
76-B, New Muslim Town,
Lahore- Pakistan,
Ph: 042-35837280, 35836721
Fax: 042-35889580
E-mail: snel-36@hotmail.com

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