ISLAMABAD: Highnoon Laboratories Limited has posted the profit of Rs. 92,381,626 for the year ended on December 31, 2012 against Rs.70,343,964 in same period last year.
A statement released by the company said that the company had also declared 30 per cent cash dividend for the current year or Rs.3 per share for Rs.10 share each.
It added that the company announced Rs.5.08 earning per share (EPS) in 2011, registering an increase when it compared with Rs.3.87 EPS in 2010.
Talking to APP, Stock Analyst, Zaheer Ahmed said that the result of the company was very positive and encouraging because of announcement of cash dividend for the current year.
"In addition to this, the financial cost also witnessed a decrease from Rs.89,424,804 in 2010 to Rs.70,370,861 in 2011", he added.
He said that all expenses including distribution, selling and promotional, general, research and development and operating expenses of the company had witnessed an increase in current year against last year.
Of total expenses, other operating expenses has been increased from Rs.10,875,591 in 2010 to Rs.21,450,726 in 2011.