Karachi: It is to inform you that the Board of Directors of Nishat (Chunian) Limited (NCL) in their meeting held at 11:30 am on October 8, 2011 at Registered Office, 31-Q, Gulberg II, Lahore, has recommended the following of the year ended 30 June 2011.
Ordinary Shares @ 20% Final Cash Dividend (i.e. Rs. 2.00 per share) Preferential Shares: 15% Preferential Cash Dividend (i.e. Rs. 1.50 per share)
The financial results of the Company are as follows:
30 June 2011
30 June 2010
|Cost of sales||16,913,477,416||10,661,332,976|
|Other operating expenses||141,287,624||81,833,501|
|Other operating income||603,629,611||186,371,206|
|Profit from operations||3,145,188,071||2,236,669,819|
|Profit before taxation||1,662,788,638||1,135,615,722|
|Profit after taxation||1,458,579,717||1,001,832,808|
|Basic earnings per share||9.07||8.49|
|Diluted earnings per share||8.82||6.59|
The Annual General Meeting of the Company will be held at 11.30 am, on October 31, 2011 (Monday) at Registered Office of the Company, 31-Q, Gulberg II, Lahore.
The Share Transfer Books of the Company will remain closed from October 29, 2011 to November 04, 2011 (both days inclusive). Transfers received at the share registrar of the Company M/s Hameed Majeed Associates (Pvt.) Ltd. H.M. House, 7-Bank Square, Lahore up to close of office timings on October 28, 2011 will be treated in time for the purpose of attending the AGM and also for the entitlement to the transferees.
For more information, contact:
Nishat (Chunian) Limited
31-Q, Gulberg II,