Pakistan International Container Terminal Limited’s results of the BOD Meeting held on Monday, April 30, 2012 - AsiaNet-Pakistan - AsiaNet-Pakistan

Pakistan International Container Terminal Limited’s results of the BOD Meeting held on Monday, April 30, 2012

[ 0 ] May 2, 2012 | Board Meetings | Share:

Karachi: We have to inform you that the meeting of Board of Directors started at 4:00 p.m. on Monday, April 30, 2012. Board of Directors recommended the following:

i) Cash Dividend: Nil

ii) Bonus Shares: Nil

iii) Right Shares: Nil

iv) Any Other Entitlement/Corporate Action:

The Board of Directors of the Company has decided to redeem the 18,000,000/- outstanding 10% cumulative Preference Shares at Rs. 10/- (par value) along with the pro-rata dividend on these preference shares on July 04, 2012.

Date of Book closure will be communicated to the Exchange in due course shortly for the determination of the entitlement of the redemption of preference shares and the pro-rata dividend thereon.

v) Any Other Price-Sensitive Information: Nil

The financial results of the Company as of March 31, 2012 are as follows:

Annexure “A”

Condensed Interim Profit and Loss Account for the Nine Months Period Ended March 31, 2012 (Un-Audited)

Nine Months Ended

Quarter Ended

March 31,

March 31,

March 31,

March 31,

2012

2011

2012

2011

(Rupees in ‘000)

Turnover- net

5,102,661

4,480,660

1,759,344

1,582,666

Terminal operating costs

(2,784,718)

(2,627,714)

(985,498)

(919,535)

———

———

———

———

Gross Profit

2,317,943

1,852,946

773,846

663,131

Administrative expenses

(416,024)

(348,549)

(136,985)

(100,020)

Other operating income

173,619

134,468

59,580

41,846

Finance costs

(321,644)

(110,620)

(80,429)

(26,037)

Other Charges

(58,224)

(33,296)

-

(1,598)

———

———

———

———

Profit before Taxation

1,695,670

1,494,949

616,012

577,322

Taxation

(593,484)

(591,512)

(213,525)

(249,998)

———

———

———

———

Profit after Taxation

1,102,186

903,437

402,487

327,324

———

———

———

———

Earnings per Ordinary Share – Basic

Rs 9.93

Rs 8.15

Rs 3.65

Rs 2.96

———

———

———

———

Earnings per Ordinary Share – Diluted

Rs 8.67

Rs. 7.11

Rs 3.17

Rs 2.57

For more information, Contact:
Pakistan International Container Terminal Limited
2nd Floor, Business Plaza,
Mumtaz Hassan Road,
Karachi74000, Pakistan
Tel: (+9221) 32400450-3, 32417933
Fax: (+9221) 32400281-32414492
Website: www.pict.com.pk
E-mail: info@pict.com.pk

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Category: Board Meetings