Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 05.11.2011 at 10.00 A.M. at registered office of the company, 3-1/A, Peoples Colony, Faisalabad, recommended the following:
(i) CASH DIVIDEND
The Board has recommended a Final Cash Dividend for the Year Ended 30-06-2011 at Rs.1 per share i.e. @ 10% to ordinary share holders except Directors, CEOs, their Spouses and associates etc. This is in addition to interim Dividend(s) already paid at Rs. 1 per share i.e.10%.
(ii) BONUS SHARES AND / OR
It has been recommended by the Board of Directors to issue Bonus Shares in the proportion of NIL share(s) for every NIL share(s) held i.e. NIL%. This is in addition to the Interim Bonus Shares already issued@ NIL%.
(iii) RIGHT SHARES AND / OR
The Board has recommended to issue NIL% Right Shares at par/at a discount/premium of Rs. NIL per share in proportion of NIL Share(s) for every NIL share(s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.
(iv) ANY OTHER ENTITLEMENT/CORPORRATE ACTION N/A
(v) ANY OTHER PRICE-SENSITIVE INFORMATION N/A
The financial results for the Company are as follows:
|Cost of Sales||7,698,277,095||906,702,574|
|Distribution and selling||392,008,006||19,351,887|
|Workers profit participation fund||27,266,393||6,358,375|
|Worker Welfare Fund||1,192,692||2,416,182|
|Other/ (Loss) Income||(7,698,506)||222,008|
|Profit before taxation||516,868,781||118,614,948|
|Net Profit for the Year||364,405,909||110,590,633|
|Earnings Per Share-Basic||19.83||13.36|
The Annual General Meeting of the Company will be held on 30-11-2011 at 10:00 A.M. at the registered office of the company, 3-1/A, Peoples Colony, Faisalabad.
The Share Transfer Books of the Company will be closed from 26-11-2011 to 03-12-2011 (both days inclusive). Transfer received at (complete address of share department) the close of business on 25-11-2011 will be treated in time for the purpose of above entitlement to the transferees.
For more information, contact:
Syed Mansoor Naqvi
Director/ Company Secretary
J.K. Spinning mills Limited
3-1/A, Peoples Colony,
Jaranwala Road. Faisalabad Pakistan
Ph: 041-8713916, 8714437-8
Fax: 041-8711899, 8714438
Telex: 43450 ZTM PK