Karachi: We would like to inform you that the Board of Directors of our company in their meeting held on Wednesday, August 10, 2011, at 11:00 hours at the registered office 12th Floor, Executive Tower, Dolmen City, Marine Drive, Block IV, Clifton, Karachi, recommended the following:
(1) Cash Dividend
A final Cash Dividend for the year ended June 30, 2011 at Rs.2.00 per share i.e. 20%.
(2) Bonus Shares: Nil
(3) Right Shares: Nil
(4) Any Other Entitlement/Corporate Action: Nil
(5) Any Other Price-Sensitive Information: Nil
The financial results of the company are as follows:
(Rs. in ‘000’)
|Cost of goods sold||(1,226,184)||(951,249)|
|Selling and distribution expenses||(224,017)||(243,349)|
|Other operating income||4,440||12,973|
|Other operating expenses||(5,388)||(9,786)|
|Profit before taxation||33,078||48,230|
|Profit for the year||20,423||31,086|
|Earnings per share -Rupees||3.84||5.84|
The Board of Directors in its meeting held on August 10, 2011, has proposed a Cash Dividend of Rs. 2.00 per share i.e. 20% on the face value of share (2010:Cash dividend of Rs. 3.50 per share i.e. 35% on the face value of share). The proposed entitlement will be approved in the forthcoming Annual General Meeting. The financial statements for the year ended 30 June 2011 do not include the effect of the proposed dividend which will be accounted for in the financial statements for the year ending June 30, 2012.
The Annual General Meeting of the Company will be held at 09:00a.m.on Thursday, September 29, 2011 at Royal Rodale TC-V, 34th Street Khayaban-e-Sehar, Phase-V Ext, D.H.A, Karachi, Pakistan.
The above entitlement will be paid to the shareholders whose name will appear in the Register of Members on September 23, 2011.
The Share Transfer Book of the Company will be closed from September 23, 2011 to September 29, 2011(both clays inclusive). Transfers received at the registrar office of the company M/s THK Associates (Pvt.) Limited, Ground Floor, State Life Building #3, Dr. Ziauddin Ahmed Road, Karachi 75530 Pakistan, at the close of business on September 22, 2011, will be treated in time for the purpose of above entitlement to the transferees.
For more information, contact:
12th Floor, Executive Tower,
Dolmen City, Marine Drive,
Block IV, Clifton, Karachi