BOC Pakistan Limited’s financial results for the half Year ended 30 June 2011

BOC Pakistan Limited’s financial results for the half Year ended 30 June 2011

Karachi: We have to inform you that the Board of Directors of our Company in its Meeting held on Friday, 12 August 2011 at 9:30 a.m. at Karachi, has approved the following,

Cash Dividend:

An interim Cash Dividend for the half year ended 30 June 2011 @ Rs 2.00per share i.e.20%

The financial results of the Company are as follows:

 

For the

half year ended

For the

second quarter ended

30June

2011

30 June

2010

30June

2011

30June

2010

Rupees in thousand

Sales (Net) 1,553,043 1,141,971 823,999 644,730
cost of sales (1,133,184) (891,943) (614,322) (515,278)
——— ——— ——- ——-
Gross Profit 419,859 250,028 209,677 129,452
Distribution and marketing expenses (103,974) (87,831) (55,990) (48,929)
Administrative expenses (83,656) (71,923) (44,019) (37,707)
Other operating expenses (22,641) (31,249) (12,941) (14,203)
Other operating income 19,379 90,435 7,234 79,920
——— ——— ——- ——-
(190,892) (100,568) (105,716) (20,919)
——— ——— ——- ——-
Operating profit 228,967 149,460 103,961 108,533
Finance cost (932) (864) (673) (594)
——— ——— ——- ——-
Profit Before taxation 228,035 148,596 103,288 107,939
Taxation (82,178) (50,279) (40,530) (36,365)
 ——— ——— ——- ——-
Profit for the period 145,857 98,317 62,758 71,574
——— ——— ——- ——-
Rupees
Earnings per share – Basic and diluted 5.83 3.93 2.51 2.86

 

The Interim Cash Dividend will be paid to the shareholders whose names appear in the Register of Members at the close of business on 07 September 2011.

The Share Transfer Books of the Company will be closed from 08 September to 14 September 2011 (both days inclusive). Transfers received at the Company’s Share Registrar, M/s Central Depository Company of Pakistan Limited, Share Registrar Department, CDC House, 99-B, Block-B, S.M.C.H.S., Main Shahrah-e-Faisal, Karachi-74400 at the close of business on 07 September 2011 will be treated in time for the purpose of payment of Interim Dividend to the transferees.

In due course, we will be sending to you copies of printed accounts for distribution amongst the members of your Exchange as required under the Listing Regulations.

For more information, contact:
M Ashraf Bawany
Deputy Managing Director
BOC Pakistan Limited
P.O. Box 4845 Dockyard Road,
West Wharf, Karachi – 74000
Phone: 9221 32313361-9
Fax: 9221 32312963

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