Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 10:00 a.m. on Wednesday the 10th August, 2011 at 101-Beaumont Plaza, 10 Beaumont Road, Karachi has recommended the following:
(i) Cash Dividend
A final Cash Dividend for the year ended June 30, 2011 @ Rs. 2.00 per share i.e. 20%.
The financial results of the Company are as follows:
|
Year ended |
Year ended |
||
|
June 30, 2011 |
June 30, 2010 |
||
|
(Rupees in ‘000) |
|||
| Net sales | 4,096,391 | 3,798,847 | |
| Cost of sales | (3,576,776) | (3,386,498) | |
| ——— | ——— | ||
| Gross profit | 519,615 | 412,349 | |
| Selling costs | (161,885) | (118,590) | |
| Administrative expenses | (101,660) | (67,691) | |
| ——— | ——— | ||
| (263,545) | (186,281) | ||
| ——— | ——— | ||
| 256,070 | 226,068 | ||
| Other operating expenses | (17,127) | (36,377) | |
| Other operating income | 11,730 | 8,017 | |
| ——— | ——— | ||
| (5,397) | (28,360) | ||
| ——— | ——— | ||
| 250,673 | 197,708 | ||
| Finance expenses | (95,932) | (154,484) | |
| Share of profit from associates | 7,941 | 9,082 | |
| Impairment loss on investments | (16,000) | – | |
| ——— | ——— | ||
| Profit before income tax | 146,682 | 52,306 | |
| Taxation | (61,000) | (6,800) | |
| ——— | ——— | ||
| Profit for the year | 85,682 | 45,506 | |
| ——— | ——— | ||
| Earnings per share–basic and diluted | Rs.3.34 | Rs. 2.12 | |
The Annual General Meeting of the Company will be held on Wednesday the 28th September 2011 at 11:00 am at the Auditorium, Institute of Chartered Accountants of Pakistan, Chartered Accountants Avenue, Clifton, Karachi.
The above entitlement, if approved by the shareholders, will be paid to the shareholders whose names will appear in the Register of Members on September 28, 2011.
The Share Transfer Books of the Company, will be closed from September 15, 2011 to September 28, 2011 (both days inclusive). Transfers received at the office of our share registrar THK Associates (Private) Limited, Ground Floor, State Life Building # 3, Dr. Ziauddin Ahmed Road, Karachi at the close of business on September 14, 2011 will be treated in time for the purpose of above entitlement to the transferees.
For more information, contact:
Aslam Sadruddin
Finance Director and
Company Secretary
Pakistan Cables Limited
P.O. BOX NO. 5060, B-21, S.I.T.E.,
Karachi-75700,
Pakistan.
Tel: 32561170-75
Email: info@pakistancables.com
Web: www.pakistancable.com