Attock Cement Pakistan Limited’s financial results for the year ended June 30, 2011 | NewsUpdate | News and Press Releases from a wide range of Authentic and Reliable resources

Attock Cement Pakistan 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 Sunday, September 11, 2011 at 12:00 noon. (PST) at Damascus, Syria, has recommended the following:

i) Cash Dividend

A Final Cash Dividend for the ended June 30, 2011 at Rs, 4.50 per share i.e. 45%.

And/ Or

ii) Bonus Shares

Nil

And/ Or

iii) Right Shares

Nil

And/ Or

iv) Any Other      / Corporate Action

Nil

And/ Or

V) Any Other Price- Sensitive Information

Nil

The financial results of the company are attached as ‘Annexure-A’

The Annual General Meeting of the Company will be held on October 20, 2011 at 3:00 p.m. at Hotel Marriott, Karachi.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on October 112, 2011.

The Share Transfer Books of the Company will be closed from Thursday, October 13, 2011 to Thursday, October 20, 2011 (both days inclusive). Transfers received at the ‘Technology Trade (Pvt.) Limited, Degia House, 241-C, Block-2, PECHS, Karachi at the close of business on October 12, 2011 will be treated in time for the purpose of above entitlement to the transferees.

Profit And Loss Account for the Year Ended June 30, 2011

 

Note

2011

2010

Rupees ’000’

Net sales 18  8,553,921 7,668,133
Cost of sales 19  (6,823,346) (5,710,166)
———  ———
Gross profit  1,730,575  1,957,967
Distribution cost 20  (512,936) (466,659)
Administrative expenses 21 (186,365)  (183,933)
Other operating expenses 22  (76,722) (102,969)
Other operating income 23 104,221 261,539
———  ———
Operating profit 1,058,773 1,465,945
Finance cost 24  (24,287) (77,628)
 ——— ———
Profit before taxation  1,034,486 1,388,317
Taxation  25   (350,057) (371,632)
 ——— ———
Profit after taxation 684,429  1,016,685
Other comprehensive income
Fair value loss on interest rate
swap under cash flow hedge  –  (3,531)
———  ———
Net loss realised on termination of  interest rate swap reclassified to profit and loss account  –  (9,531)
 ——— ———
Total comprehensive income  684,429 1,003,623
 ———  ———
Earnings per share 26 Rs 7.90 Rs 11.74

 

The annexed notes 1 to 34 for an integral part of these financial statements.

For more information, contact:
Attock Cement Pakistan Limited
D-70, Block -4, Kehkashan Society,
Clifton, Karachi- 75600, Pakistan
UAN: (9221) 111-17-17-17
PABX: (9221) 35309773
Fax: (9221) 35309775
Website: www.attockcement.com

 
 
 

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