Karachi: We are pleased to inform you that the Board of Directors of our Company in the meeting held at 11.00 a.m., on Thursday, March 22, 2012 considered and approved annual audited accounts for the year ended December 31, 2011 and recommended the following:
A final Cash Dividend for the year ended December 31, 2011 at the rate of Rs.3 .00 per share that is thirty percent (30%).
The financial results are as follows:
|Year Ended||Year Ended|
|Dec. 31, 2010||Dec. 31, 2010|
|Amount in Rupees|
|Sales – net||2,944,907,488||2,636,538,261|
|Cost Of Sales||2,030,736,442||1,732,983,015|
|Other Operating Income||92,752,280||7,707,501|
|Distribution, Selling and||568,588,690||540,517,943|
|Administrative and General|
|Research and Development Expenses||6,727,034||3,716,059|
|Other Operating Expenses||21,450,726||10,875,591|
|Result From Operating Activities||214,424,150||195,005,162|
|Profit Before Tax||144,053,289||105,580,358|
|Profit After Tax||92,381,262||70,343,964|
|Earnings Per Share||5.08||3.87|
The Annual General Meeting of the Company will be held on April 25, 2012 at 10.00 a.m. at Registered Office, 17.5 Kilometer, Multan Road, Lahore.
The above entitlements will be paid to the shareholders, whose names will appear in the Register of Members prior to the date of close of Register of Transfers i.e. April 23, 2012.
The share transfer books of the Company will remain closed from April 24, 2012 to April 30, 2012 (both days inclusive). Transfers received in the office of Shares Registrar, Corplink (pvt) Ltd., Wings Arcade, 1-K, Commercial Model Town, Lahore, at the close of business on April 23, 2012 will be treated in time for the purpose of above entitlement to the transferees:
In pursuance of listing regulation No. 28(1) of the Exchange you are requested to please accord necessary approval to convene the Annual General Meeting on April 25, 2012 at 10.00 a.m.
For more information, contact:
Khadim Hussain Mirza
Highnoon Laboratories Limited
17.5 Kilometer, Multan Road,
Lahore – 53700 (Pakistan)
P. O. Box: 3318, Gulberg,