Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday, 3rd October, 2011 at 3.30 p.m. at 19-A, Off. Zafar Ali Road, Gulberg-V. Lahore recommended the following:-
A Final Cash Dividend for the year ended 30-06-2011 at Rs.0.50 per share i.e. @5%.
The Financial Results of the Company are enclosed as per Annexure “A”.
The Annual General Meeting of the Company will be held on Saturday, October 29, 2011 at 12.15 p.m. at 19-A, Off. Zafar Ali Road, Gulberg-V, Lahore.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on October 21, 2011.
The Share Transfer Books of the Company will be closed from October 22, 2011 to October 29, 2011 (both days inclusive). Transfer received in order at the Share Registrar Office of the Company M/s Hameed Majeed Associates (Private) Limited, HM House, 7- Bank Square, Lahore by the close of business on October 21, 2011 will be treated in time for the purpose of dividend entitlement to the transferees.
Profit and Loss Account for the Year Ended June 30, 2011
|Cost of sales||28||(4,124,074,613)||(2,769,740,494)|
|– Selling and distribution costs||29||(46,835,820)||(41,626,536)|
|– Administrative expenses||30||(74,372,733)||(64,881,163)|
|– Other operating charges||31||(13,049,731)||(14,115,104)|
|– Other operating income||32||3,063,940||4,253,051|
|Finance and other costs||33||(79,268,795)||(80,413,066)|
|Profit before Taxation and Share|
|of Associated Undertaking||178,706,526||149,861,279|
|Share of net profit of associated undertaking||21,767,126||14,976,701|
|Profit before Taxation||200,473,652||164,837,930|
|Profit after Taxation||132,114,545||142,390,987|
|Earnings per Share – Basic||35.1||7.37||10.51|
|Earnings per Share – Diluted||35.2||7.37||7.92|
The annexed notes form an integral part of these financial statements.
For more information, contact:
Shahzad Textile Mills Limited
19-A, Off. Zafar Ali Road,
Gulberg-V, Lahore, (Pakistan)