Exide Pakistan Limited’s financial results for the 1st quarter ended 30th June, 2011

Exide Pakistan Limited’s financial results for the 1st quarter ended 30th June, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 29th July, 2011 at 15:00 pm at the Registered Office of the Company at A/44, Hill Street, Off: Manghopir Road, S.I.T.E. Karachi, recommended the following:

 

i) Cash Dividend NIL
ii) Bonus Shares NIL
iii) Right Shares NIL

 

Rs’000

Rs’000

Rs’000

2011

2010

Total

Battery Chemical Battery Chemical 2011 2010
Division Division Division Division
sales 2,726,053 115,646 2,047,969 94,411 2,841,699 2,142,380
Cost of Sale 2,422,725 90,008 1,849,063 71,651 2,512,733 1,920,714
——— ——— ——— ——— ——— ———
Gross ProfIt 303,328 25,638 198,906 22,760 328,966 221,666
Operating Expenses 120,406 2,479 113,878 1,911 122,885 115,789
——— ——— ——— ——— ——— ———
operating Profit 182,922 23,159 85,028 20,849 206,081 105,877
Finance Cost 30,928 27,725
Other Charges 18,739 6,995
Other Income 137 157
——— ——— ——— ——— ——— ———
Profit before tax 156,551 71,314
Taxation – Current 53,708 24,247
        – Deferred
——— ——— ——— ——— ——— ———
Profit after tax 102,843 47,067
Un-appropriated 316,916 248,927
Profit brought forward

Transferred to revenue

reserve for the year ended March 31, 2011/2010

(233,000) (180,000)
Final Dividend for the

year ended March 31,2011(60%)2010(60%)

(33,899) (33,889)
Transferred to reserve

fo~ Issuance of bonus

shares for the year

ended March 31,

2011/2010

(14,125)
Transfer from surplus on

revaluatIon of fixed

assets

——— ———
Un-appropriated

profit carried forward

138,735 82,095
——— ———

Rupees

Earnings per share 18.20 8.33

For more information, contact:
S.Haider Mehdi
Company Secretary
Exide Pakistan Limited
A/44, Hill Street, Off: Manghopir Road,
S.I.T.E. Karachi-75700 (Pakistan)
Tel: +9221 2593371-85
Fax: +9221 2561679

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