Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on March 08, 2012 at 12:00 noon at Sykes Building, 35-Dockyard. Road, West Wharf, Karachi recommended the following:
(i) Cash Dividend
A final Cash Dividend for the year ended December31, 2011 at Rs.4.00 per share i.e. 40%.
(ii) Bonus Shares
It has been recommended by the Board of Directors to issue Bonus Shares in the proportion of 10 share(s) for every 100 share(s) held i.e.10%.
The financial results of the Company are as follows:
|Rs” 000”||Rs” 000”|
|Cost of sales||(15,931,723)||(14,063,242)|
|Selling, marketing and distribution expenses||(2,790,313)||(2,301,516)|
|Other Operating expenses||(194,066)||(171,143)|
|Other Operating Income||461,927||397,696|
|Profit before taxation||2,236,888||1,931,724|
|Profit after taxation||1,140,916||1,057,383|
|Earnings per share||Rs. 4.77||Rs. 4.42|
The Sixty Fifth Annual General Meeting of the Company will be held on Friday, April 06, 2012 at 11:00 a.m. at the Beach Luxury Hotel Karachi.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on March 30, 2012.
The Share Transfer Books of the Company will be closed from March 30, 2012 to April 06, 2012 (both days inclusive). Transfer received at the Office of the Share Registrars of the Company at 516, Clifton Centre, Khayaban-e-Roomi, Kehkashan, Block-5, Clifton, Karachi-75600 at the close of business on March 29, 2012 will be treated in time for the purpose of above entitlement to the transferees.
We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange 21 days before the date of AGM.
For more information, Contact:
GlaxoSmithKline Pakistan Limited
35-Dockyard Road, West Wharf,
Tel: 92-21 32315478-82
Fax: 92-21 32314898