Home / Financial Results / Pakistan National Shipping Corporation’s financial results for the year ended 30th June 2011

Pakistan National Shipping Corporation’s financial results for the year ended 30th June 2011

Karachi: i) Cash Dividend

A final Cash Dividend for the year ended 30th June 2011 at Re. 1.00 per share 1.0.10%.

ii) Bonus Shares

Nil

iii) Right Shares

Nil

(iv) Any Other Entitlement/ Corporate action

Nil

v) Any Other Price Sensitive Information

Nil

The financial results of the Corporation arc attached herewith.

The Annual General Meeting of the Corporation will be held at 07:00 p.m. on 20 October 2011 at Navy Welfare Centre, Karachi.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 21st October 2011. The share Transfer Books of the Corporation will be closed from 22nd October 2011 to 29th October 2011 (both days inclusive). Transfers received at the Share Registrar’s of Office, i.e., M/s Technology Trade (Pvt.) Limited, Dagia House 241-C, Block 2, P.E.C.H.S off Share-e-Quaideen, Karachi at the close of business on 2011 October 2011 will be treated in lime for the purpose of the above entitlement to the transferees.

Pakistan National Shipping Corporation and its Subsidiary Companies Consolidated financial results For the year ended June 30, 2011

 

2011

2010

Rupees in 000

Revenues 9,293,169 7,889,942
Expenditure 7,303,240 6,431,835
———- ———-
Gross Profit 1,989,929 1,458,107
Administrative and general expenses 631,646 623,353
Other operating expenses 179,346 253,206
Finance costs 264,435 20,912
———- ———-
1,075,427 897,471
Other operating income 485,938 888,895
———- ———-
Profit Before Taxation 1,400,440 1,449,531
Taxation 393,168 481,707
———- ———-
Profit After Taxation 1,007,272 967,824
———- ———-

Rupees

Earnings Per Share – Basic 7.62 7.33

 

Pakistan National Shipping Corporation

Financial results

For the year ended June 30, 2011

 

2011

2010

Rupees in 000

Revenues  3,084,361  2,077,947
Expenditure 1,945,834 1,351,580
———-  ———-
Gross profit 1,138,527 726,367
Administrative and general expenses 126,118 186,338
Other operating expenses 166,967  216,283
Finance costs 261,994 19,161
———-  ———-
555,079 421,782
Other operating income 317,110 834,377
———- ———-
Profit Before Taxation 900,558 1,138,962
Taxation 288,157 427,429
———- ———-
Profit After Taxation 612,401 711,533
———-  ———-

Rupees

Earnings Per Share – Basic 4.64 5.39

 

For more information, contact:
Zainab Suleman
Secretary PNSC
Pakistan National Shipping Corporation
PNSC Building, Moulvi Tamizuddin Khan Road,
P.O. Box No. 5350,
Karachi – 74000,
Pakistan.
Tel: 99203980
Fax: 99203974
Email: communication@pnsc.com.pk
Web: www.pnsc.com.pk

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