Atlas Battery Limited’s financial results for the year ended June 30, 2011

Atlas Battery Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on August 25, 2011 at 10:30 hours, at 2nd Floor, federation House, Abdullah Shah Ghazi Road, Main Clifton, Karachi, have recommended the following:

(i) Cash Dividend

Cash Dividend for the year ended June 30, 2011 at the rate of Rs.l0/- per share i.e. 100%.

(ii) Bonus Shares

Bonus Shares in proportion of one ordinary share of Rs. 10/- each for every five ordinary shares of Rs. 10/- each held i.e. 20%.

(iii) Right Shares

The financial results of the Company are enclosed as Annexure-I.

The Annual General Meeting of the Company will be held on Thursday, September 29, 2011 at 10:00 a.m. at Floor, Federation House, Abdullah Shah Ghazi Road, Main Clifton, Karachi.

The Share Transfer Books of the Company will remain closed from September 21 2011 to September 29, 2011 (both days inclusive). Transfers received in order at the office of our Share Registrar M/s. Hameed Majeed Associates (Private) Ltd, 5th Floor, Karachi Chambers, Hasrat Mohani Road, Karachi before the close of business on September 20, 2011 will be in time for the purpose of entitlement for cash dividend and bonus shares, if approved by the share holders.

 

Annexure-I

Atlas Battery Limited

Profit and Loss Account

For the Year Ended June 30, 2011

 

(Rs. in `000′)

Year ended

June 30,  2011

 Year ended

June 30,2010

Sales 5,868,260 4,024,422
Cost of Sales (5,007,421) (3,433,222)
 ——— ———
Gross profit 860,839 591,200
Distribution costs  (165,053) (128,861)
Administrative expenses (99,679)  (80,548)
Other operating income 12,265 (5,258)
Other operating expenses (45,756)  (25,903)
 ———  ———
Profit from operations 562,616 361,146
Finance cost  (37,515)  (19,857)
———   ———
Profit before tax 525,101 341,289
Taxation (170,599)  (118,755)
——— ———
Profit after tax 354,502 222,534
Other comprehensive income  –
———  ———
Total comprehensive income for the year 354,502 222,534
 ——— ———
Earnings per share – basic and diluted (Rupees) 35.21 22.10

 

For more information, contact
Rizwan Ahmed
Company Secretary
Atlas Battery Limited
D-181, Central Avenue,
S.I.T.E., Karachi – 75730.
Tel: (92-21) 32567990-4
Fax: (92-21) 3256 4703
Email: abl@atlasbattery.com.pk
Web: www.atlasbattery.com.pk

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