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Attock Refinery Limited’s financial results for the first quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on 17th October, 2011, recommended the following:

i. CASH DIVIDEND

An interim Cash Dividend for the year ending June 30, 2012 @ Rs- NIL per share i.e. NIL %.

ii. BONUS ISSUE

Issue Bonus Shares in the proportion of NIL share for every NIL shares held i.e. N1L %.

RIGHT SHARES

Issue NIL % Right Shares at par/at a discount/premium of Rs. NIL per share in proportion of NIL shares for every Nil shares. The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

ANY OTHER PRICE SENSITIVE INFORMATION

The financial results of the Company is enclosed herewith for your information and necessary action please. See Annexure ‘A’. We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time.

Yours truly,

For Attock Refinery Limited (ATRL)

Muhammad Hashim Ali

Senior Executive (Accounts)

Attock Refinery Limited

Condensed Interim Profit and Loss Account (Unaudited) For The First Quarter Ended September 30, 2011

 

3 Months to

September 30,

September 30,

2011

2010

Note (Rupees in thousand)
Net sales  14 36,427,615 25,040,656
Less Cost of sales  15  (34,965,765) (24,163,980)
———- ———-
Gross profit 1,461,850 876,676
———- ———-
Less: Administrative expenses 68,020 65,884
Distribution costs  7,265  5,407
Finance cost 16 153,398  41,746
Other charges  123,789 82,194
 ———-  ———-
 (352,472) (196,231)
———- ———-
1,109,378 680,445
Other income 17 447,118 320,571
 ———-  ———-
Profit before taxation from refinery operations 1,556,496 1,001,016
Provision for taxation 18 (663,258) (417,692)
———- ———-
Profit after taxation from refinery operations 893,238 583,324
Income from non-refinery operations  19  –
 ———-  ———-
Profit for the period  893,238 583,324
———-  ———-
Earnings per share – basic and diluted (Rupees)
Refinery operations 10.47  6.84

 

For more information, contact:
Muhammad Hashim Ali
Senior Executive (Accounts)
Attock Refinery Limited
Refinery P.O. Morgah,
Rawalpindi, Pakistan
Tel: (92-51)5487041-45,
Telex: (92-51)5487254,
E-mail: info@arl.com.pk

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