Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 11.00 A.M. on Thursday 29th September, 2011 recommended the following.
A final Cash dividend for the year ending 30.06.2011 @ Rs. Nil% per share which works out to Nil% of the Paid up Capital of the Company for the year interim Dividend has already been paid at Rs. Nil per share i.e. Nil %.
The financial results of the company are as follows.
|Sales and services||10,481,908,852||10,826,885,480|
|Cost of sales||(9,141,739,776)||(9,506,907,621)|
|Other operating expenses||13,617,841||15,401,551|
|Profit from Operations||733,262,637||662,712,542|
|Profit before taxation||184,813,551||209,021,049|
|Taxation – current||(107,022,439)||(110,391,293)|
|Profit for the year after taxation||77,791,112||98,629,756|
|Other comprehensive income||–||–|
|Total Comprehensive income for the year||77,791,112||98,629,756|
|Earrings per share – basic and diluted||6.79||10.63|
The Annual Genera Meeting of the Company will be held at 4.30 p.m. on October 27, 2011 at the Auditorium of the Institute of Chartered Accountants of Pakistan, G-31/8, Kehkashan, Clifton, Karachi.
The Share Transfer Books of the Company will be closed from October 20, 2011 to October 27, 2011 (both days inclusive).
For more information, contact:
S.M. Jawed Azam
Al-Abid Silk Mills Limited
Phones: (92-21) 32560040-40
Fax No: (92-21) 32584718