Karachi: We have to inform you that the Board of Diretors of our company in their meeting held on Octobor 04, 2011 at 10.30 a.m. at Dadex House, 34-A/1, BIock-6, P.E.C.H.S , Shahrah-e-Faisal, Karachi recommended the following:
I. CASH DIVIDEND NIL
II. BONUS SHARES NIL
III. RIGHT SHARES NIL
IV. GENERAL RESERVE NIL
V. The financial results of tho company are as follows:
|Cost of sales||(1,680,378)||(1,635,833)|
|Other operating expenses||(11,289)||(20,600)|
|Other operating Income||36,682||38,445|
|Share of profit on investment in an associate||775||80|
|(Loss)/ profit for the taxation||(9,549)||19,984|
|(Loss) / profit for the year||18,960||10,016|
|(Loss)/ earning per share – Basic and diluted||(1.76)||0.93|
The Annual General Meeting of the Company will be held on Octobor 31, 2011 at 08:00 p.m. at Dadox House, 34-A/1, Block-5, P.E.C.H.S., Shahrah-e-Faisal, Karachi-75400.
The remuneration paid to General Manager Business Development in the years 2009 and 2010 has not been reflected in these financial statements, approval of which has been restrained by an order of the Honourable High Court of Sindh (Court) dated April 14, 2010
The Ragister of Members and the Share Transfer Books of the Company shall remain closed from October 24, 2011 to October 31, 2011 (both days inclusive). Transfers received in order of the office of our Share Registrar, M/S Gangjees Registrar Services (Pvt.) Limited., 516, Clifton Centre, Khayaban-e-Roomi, Block-5, Clifton, Karachi-75600 by the close of the business hours on October 22, 2011 will be treated in time for incorporating the change in the Register of Members as at October 24, 2011.
Entitlement to attend, participate and vote at the 52nd Annual General Meeting will be according to the Register of Members as at October 24, 2011.
For more information, contact:
Dadex Eternit Limited
Tel: 021 – 111 000789
Fax: 021 – 34315716