Karachi: We have to inform you that the Board of Directors in their meeting held at 9.30 a.m. on Monday, March 19, 2012; recommended the following:
A final cash dividend for the year ended Dec 31, 2011 @ Rs. 2/- per share i.e. 20%.
The financial results of the Company are as follows:
|(Rs. in thousands)|
|Cost of sales||50,849,153||41,638,975|
|Other operating income||620,350||575,078|
|Workers’ profit participation fund||73,525||35,979|
|Workers’ welfare fund||31,655||15,576|
|Profit before taxation||1,365,297||668,015|
|Net profit for the year||794,421||211,143|
|Unappropriated profit brought forward||2,030||2,037|
|Profit available for appropriation||796,454||213,180|
|Transfer to general reserve||630,000||170,000|
|Proposed cash dividend @ 20% (2010: 5%)||164,600||41,150|
|Unappropriated profit carried forward||1,851||2,030|
|Basic earnings per share||9.65||2.57|
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 17th April 2012.
The 29th Annual General Meeting of the Company will be held at Pearl Continental Hotel, Club Road, Karachi on Monday, April23, 2012 at 12.30 P.M.
The Share Transfer Books of the Company will be closed from April 17, 2012 to April 23, 2012 (both days inclusive) Transfers received at Central Depository Company of Pakistan Limited, CDC House, 99-B, Block ‘B’, S.M.C.H.S. Main Shahrah-e-Faisal, Karachi at the close of business on April 16, 2012 will be treated in time for the purpose of above entitlement to the transferees.
For more information, contact:
Pak Suzuki Motor Company Limited
DSU-13, Pakistan Steel Industrial Estate,
Bin Qasim, Karachi – 75000
Ph: (92-21) 34723551-58
Ph: (92-21) 34723521-23
Fax No. 042-36368485