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AKD Capital Limited’s financial results for the year ended 30 June 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 05 October 2011 at 6.00 p.m. at registered office of the Company recommended the following:

(i) CASH DIVIDEND

A final Cash Dividend for the year ended 30 June 2011 at Rs.1.00 per share i.e.10% to ordinary shareholders except for sponsors, directors, their family members and friends.

AND/OR

(ii) BONUS SHARES                                  NIL

AND/OR

(iii) RIGHT SHARES                                 NIL

AND/OR

(iv) ANY OTHER ENTITLEMENT/CORPORATE ACTION        NIL

AND/OR

(v) ANY OTHER PRICE-SENSITIVE INFORMATION

The Financial Results of the Company are as follows:

 

2011

2010

Rupees

INCOME
Dividend income  – 5,513
Gain/(loss) on re-measurement of investment fair `value through profit or loss (1,012) 9,576
Other income 2,663,652 5,339,178
———  ———
EXPENSES
Administrative expenses  (1,536,301) (3,191,226)
Loss on sale of plant and equipment  – (361,685)
Financial charges  – (6,367)
 ——— ———
Workers welfare fund  – (35,900)
——— ———
Profit before taxation 1,126,339 1,759,090
Provision for taxation (237,015)  (729,128)
——— ———
Profit after taxation  889,324 1,029,962
——— ———
EARNING PER SHARE – BASIC AND DILUTED 0.35 0.41

 

The Notice of Annual General meeting win be sent to you in due course of time as the company will conduct the AGM on 27 October 2011.

The intimation regarding closure of share transfer book will be sent to you with the notice of AGM.

For more information, contact:
Tanveer Hussain Khan
Company Secretary
AKD Capital Limited
416-418, Continental Trade Center,
Block 3, Clifton, Main Clifton Road,
Karachi – Pakistan.
PABX: (92-21) 5302902-06
Fax: (92-21) 5302913
Email: info@akdcapital.com
Web: www.akdcapital.com

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