Karachi: We have to inform you that the Board of Directors of our Company in theif meeting held on 6th Day of October, 2011 at 11:00 A.M at Head Office 2-Industrial Estate, Multan recommended the following:
(I) Cash Dividend
A Final Cash Dividend for the Year ended 30-06-2011 at Rs.2.50 per share i.e.25%. This is in addition to Interim Dividend(s) already paid at Rs.Nil per share i.e. Nil %.
(II) BONUS SHARES
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 be interim Bonus Shares already Issued @ Nil%.
(III) RIGHT SHARES
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 ENTITLEMETN/CORPORATE ACTIOIN
(V) ANY OTHER PRICE-SENSITIVE INFORMATION
The financial results of the Company are as follows:
July, 1st 2010 to
June, 30th, 2011
July, 1st 2009 to
June, 30th, 2010
|Cost of Goods Sold||(3,587,531,777)||(1,890 ,570,267)|
|Other Operating Income||421,553||6,025,231|
|Other Operating Expense||(16,013,825)||(8,057,347)|
|(Loss) Profit Before Taxation||179,152,669||118,489,601|
|Provision for Taxation||(74,035,016)||(29,510,702)|
|Profit After Taxation||105,117,654||88,978,899|
|Earnings Per Share-Basic||6.26||5.30|
The Annual General Meeting of the Company will be held on 31st October 2011 at 3:00 p.m. at its Head Office 2-Industrial Estate Multan, Also the Share Transfer Books of the Company will be closed from 25.10.2011 to 31,10.2011 (Both Days Inclusive). Transfers received at the Share registrars, M/s HM Associates, 7-Bank Square, Lahore at the close of business on 24, 10,2011 will be treated in time.
For more information, contact:
Maqbool Textile Mills Limited
Multan – Pakistan
Tel: +92 61 653 9551-2, 653 7155,
Fax: +92 61 653 9042