Pakgen Power Limited’s financial results for the half year ended June 30, 2011 (Un-Audited)

Pakgen Power Limited’s financial results for the half year ended June 30, 2011 (Un-Audited)

Karachi: We have to inform you that the Board of Directors of Pakgen Power Limited (PGPL) (formerly AES Pak Gen Company Limited) in their meeting held on Friday the 12th August, 2011, at 10:00 A. M. at 1-B, Aziz Avenue Canal Bank, Gulberg-v, Lahore, recommended the following:

 

Cash Dividend 50% inclusive of 10% as stated In Offer for Sale Document)
Bonus Shares Nil And/ Or
Right Shares Nil And/ Or
Any Other Entitlement Nil And/ Or
Any Other Price-Sensitive Information Nil

 

 

The profit and loss account of the Company are as follows:

 

Rupees in thousand

Half Year Ended

Quarter Ended

30 June

30 June

30 June

30 June

2011

2010

2011

2010

Revenue 13,420,700 14,047,011 6,776,857 7,087,054
Cost of sales (11,928,211) (12,239,492) (6,120,515) (6,385,159)
———— ———— ———— ————
Gross profit 1,492,489 1,807,519 655,342 701,895
Administrative expenses (69,142) (160,388) (36,594) (129,661)
Other operating expenses (12,962) (157,034) (12,602) (494)
———— ———— ———— ————
1,410,385 1,490,097 606,146 571,740
Other operating income 35,760 9,660 7,970 5,454
———— ———— ———— ————
Profit from operations 1,446,145 1,499,757 614,116 577,194
Finance cost (325,615) (693,640) (157,722) (149,628)
———— ———— ———— ————
Profit before taxation 1,120,530 806,117 456,394 427,566
Taxation (13,210) (3,621) (3,799) (2,149)
———— ———— ———— ————
Profit after taxation 1,107,320 802,496 452,595 428,417
Other comprehensive income
———— ———— ———– ————
Total comprehensive income for the year 1,107,320 802,496 452,598 425,417
———— ———— ———— ————
Earnings per share – basic and diluted 2.98 2.16 1.22 1.14

 

Book Closure for Entitlement of 50% Interim Cash Dividend inclusive of 109 Stated in Offer for Sale Document of Pakgen Power Limited

Share transfer books of the Company will remain closed for the entitlement of 50% Interim Cash Dividend Inclusive of 10% sated in Offer for Sale Document, from 27-08-2011 to 03-09-2011 (both days inclusive). The Physical Shares Transfers and CDS Transaction loss received upto 1:00 p. m. on 26-08-2011, in order, at Share Registrar Services, Central Depository Company of Pakistan Limited, CDC House, 99-B, Block B, SMCHS, Shahra-e-Faisal, Karachi, will be considered in time for entitlement of 50% Interim Cash Dividend. A notice in this respect is enclosed herewith for circulation amongst the members.

For more information, contact:
Khalid Mahmood Chohan
Company Secretary
Pakgen Power Limited
1-B, Aziz Avenue, Canal Bank Gulberg V,
Lahore
Tel: +92-42-35717090-96
Fax: 92-42-3517238

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