Dadabhoy Sack Limited’s announcement acknowledgement

Dadabhoy Sack Limited’s announcement acknowledgement

Karachi: Financial Results for Year Ended on 30-06-2011, Dadabhoy Sack Limited

We would like to inform you that the Board of Directors our Company in its meeting held on 21st November 2011 at 05:30 pm at its Head Office at Office No. 4, Second Floor, Plot No. 30-C, Ittehad Lane No, 12, Phase-II/ Ext, P.D.O.H.A, Karachi. Wherein it is recommended the following items:

(1) Cash Dividend

An interim cash dividend for the Year ended 30-06-2011 at Rs. Nil per Nil share i.e. Ni1%. This is in addition to interim dividend already paid at Rs. Nil per share Nil i.e. Nil%.,

And/ Or

(2) Bonus Shares

It has been recommended by the Board of Director to issue interim bonus share in proportion of Nil share(s) for every Nil share(s) held i.e. Nil %. This is in addition to the interim bonus share already issued @ Nil %.

And/ Or

(3) Right Shares

The Board has recommended to issue Nil % Right Share at par/at a discount/premium of Rs: Nil per share in proportion of Nil shave(s) of every Nil share(s), the entitlement of Right Share being not declared simultaneously will not be applicable. On Bonus Shares as not declared above.

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







Sales – Net  14
Cost of sales 15
———  ———
Gross (loss)/ profit
Other income 16  2,468,647 1,878,221
 ——— ———
2,468,647 1,878,221
Administrative and general expenses 17  (3,233,327) (1,389,229)
Other charges
 ———  ———
(3,233,327)  (1,389,229)
 ——— ———
Operating (loss)/ profit  (764,680) 488,992
Financial cost 18 (1,565) (616)
 ——— ———
Profit/ (Loss) before taxation  (766,245) 488,376
Current 19  –
Prior 82,004
Deferred  –
 ———  ———
 82,004  –
 ———  ———
Net profit after taxation  (684,241) 488,376
 ———  ———
Earnings per share 21 (0.17) 0.12


(4). AGM:- The Board has decided to hold 28th AGM of the Company on 12th December 2011 at 4.00 pm at Jinnah Club, Jinnah Cooperative Housing Society, behind KESC Office, Tipu Sultan Road, Karachi.

(5) The Board has approved the appointment of External Auditor M/s M Akhter and Co. Chartered Accountants for the ensuing year 2012 on the same remuneration.

(6) The Board has directed the Company Secretary to communicate the today’s BOD Meeting Resolution with copy of AGM notice along with the Announcement Acknowledgement Financial Results of Annual Accounts of June 2011 as per Format of Form 3, with the request to KSE authorities to publish our Co’ Financial Results on KSE in house Notice publication for the specific information for the members of KSE, LSE and ISE Exchanges of Pakistan.

For more information, contact:
Dadabhoy Sack Limited
Building No. C-30/II, 24th Commercial
Street Phase II, Extension D.H.A. Karachi
PABX: 35312004, 35312009
Fax: 5312011

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