Shezan posts Rs 140.602 million net profit
Karachi: Shezan International Limited has posted Rs 140.602 million as net profit for the year ended June 30, 2011 (FY11) as compared to Rs 106.745 million earned in FY10. The company’s earning per share increased to Rs 23.43 in the period under review against Rs 17.79 in the same period last year.
The board of directors of the company in its meeting held here on October 1, 2011 recommended a final cash dividend for the year at Rs 7.50 per share i.e. 75 percent.
According to the financial results sent to Karachi Stock Exchange, the company’s sales increased to Rs 4.221 billion in FY11 against Rs 3.528 billion in FY10. The cost of sales increased to Rs 3.130 billion against Rs 2.591 billion. The company’s profit before taxation increased to Rs 210.602 million in FY11 against Rs 165.219 million in FY10.