It is a public limited company incorporated in the province of Sindh having its registered office located at S.I.T.E Karachi. The company is principally engaged in the manufacturing and sale of man-made blended yarn.
Its shares are quoted on stock exchanges in Karachi, Lahore and Islamabad, on 20th September 2004, the closing price of the share in Sana Industries was quoted at Rs 47.20 which is very close to 5 times of the par value.
The minimum price of the share throughout the last one year was Rs 44 per share but the price hit at Rs 66.50 per share.
The manufacturing facilities of the company are located in the Balochistan province at Hub Chowki District Lasbella which is adjoining district of the Sindh province's capital Karachi.
This company's paid up capital is relatively small at Rs 40 million but its shareholders equity swelled to Rs 190.63 million after building a reserve amount of Rs 150.63 million.
There is no long term debt hence no problem of long term debt coverage over and above the current ratio also shows excellent liquidity position as the current assets are 2.7 times of the current liabilities. Breakup value of the share at Rs 47.65 per share carries 376.5% premium over the par value of Rs 10.
During FHY 2003-04, the half year under review, the company posted sales at Rs 177.46 million showing 12.8% growth over sales figure of Rs 157.22 million recorded in the corresponding period last year.
The company substantially improved its profitability as profit before taxation surpassed last period's figure by 15.6% as this reached 15.84 million compared to Rs 13.70 million in SPLY.
The company has very attractive dividend pay out record as for the last two years its yearly cash dividends were @70%. But the directors have skipped payment of interim dividend for consolidation with the final dividend at the year and end on the persistent demand of the shareholders who have not only appreciated the consolidation of dividend during last year but have also suggested continuity of the policy said Chief Executive.
======================================================
Performance Statistics (Million Rupees)
======================================================
Balance sheet -As At-
======================================================
March 31 September 30
2004 2003
======================================================
Share Capital-Paid-up: 40.00 40.00
Reserve & Surplus: 150.63 140.34
Shareholders Equity: 190.63 180.34
Deferred Taxation: 3.99 4.45
Current Liabilities: 58.40 74.65
Fixed Operating Assets: 95.32 96.97
L T Deposits: 0.22 0.22
Current Assets: 157.48 162.25
Total Assets: 253.02 259.44
------------------------------------------------------
Profit & Loss A/c For The
Half Year Ended March 31 2004 2003
------------------------------------------------------
Sales-Net: 177.46 157.22
Gross Profit: 24.27 20.53
Operating Profit: 17.49 14.63
Other Income-Net: 0.07 0.47
Financial (Charges): 0.53 0.35
Profit Before Taxation: 15.84 13.70
Profit After Taxation: 10.29 8.77
Earning Per Share (Rs): 2.57 2.19
Share Price (Rs) on 20-09-04: 47.20 -
Price/Earning Ratio: 18.37 -
Book Value of Share (Rs): 47.65 45.85
Debt/Equity Ratio: 0:100 0:100
Current Ratio: 2.69 2.17
Gross Profit Margin (%): 13.68 13.06
Net Profit Margin (%): 5.80 5.58
R.O.A (%): 4.07 3.38
======================================================
COMPANY INFORMATION: Chairman: Muhammad Yousuf; Chief Executive: Muhammad Younus Nawab; Director: Hafiz Muhammad Irfan Nawab; C.F.O./Company Secretary: Abdul Hussain Antaria; Registered Office: SF Unit No 96 S.I.T.E. P.O. Box No 10651 Karachi 75700 Web Address: www.listedcompanies.com.pk Factory: B-186, Hub Industrial Estate, Hub Chowki District Lasbella.
Comments
Comments are closed.