Nishat Chunian Power Limited’s financial results for the year ended 30 June 2011

Nishat Chunian Power Limited’s financial results for the year ended 30 June 2011

Karachi: It is to inform you that the Board of Directors of Nishat Chunian Power Limited (NCPL) in their meeting held at held on October 8, 2011 at Registered Office, 31-Q, Gulberg II, Lahore, have approved the audited accounts of the Company for the year ended 30 June 2011.

Cash Dividend:

A Final Cash Dividend for the year ended 30June 2011 at Rs.1 per share i.e.10%. This is in addition to Interim Dividend(s) already paid at Rs.1 per share i.e.10%

Bonus Shares:     Nil

Right Shares:     Nil

The financial results of the Company are as follows:

 

2011

2010

Rupees

Rupees

Sales 20,353,613,242  –
Cost of sales (15,750,441,487)  –
————– ———
Gross profit 4,602,613,755  –
Administrative expenses (44,945,767) (5,795,808)
Other Operating expenses (35,676,391) (3,614,503)
Other Operating income 44,600,620  2,956,502
 ————– ———
Profit/ (loss) from operations 4,566,582,217  (5,453,809)
Finance cost  (2,940,579,074)  –
————–  ———
Profit / (loss) before taxation 1,626,013,143 (6,453,809)
Taxation  (13,579,721) (1,303,361)
 ————– ———
Profit/ (loss) after taxation 1,612,433,422 (7,575,170)
————– ———
Earnings/ (loss) per share-basic and diluted 4.389 (0.023)

 

 

The Annual General Meeting of the Company will be held at 10.00 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:
Muhammad Hamed
Company Secretary
Nishat (Chunian) Power Limited
31-Q, Gulberg II,
Lahore- 54660,
Pakistan
Tel: 92-42-5761730

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