Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Tuesday, February 14th 2012, have recommended the following;
Cash Dividend
A Final Cash Dividend for the year ended December 31st 2011, at Rs. 14.00 per share (Rs.40%). This is in addition to Interim Dividend already paid at Rs. 2.00 per share (i.e. 20%).
The financial results of the Company are as follows:
Tweleve | Thirteen | |
Ended | Ended | |
December 31 | December 31 | |
Sales net | 12,946,968 | 10,995,701 |
Cost of goods sold and services | 8,230,490 | 7,308,663 |
Gross Profit | 4,666,478 | 3,687,038 |
Selling and distribution expenses | 1,894,390 | 1,601,101 |
Administrative expenses | 295,823 | 267,915 |
2,476,265 | 1,818,022 | |
Other operating Income | 142,466 | 109,079 |
Other operating charges | 240,689 | 182,314 |
2,378,042 | 1,744,787 | |
Finance cost | 3,216 | 3,530 |
Profit before taxation | 2,374,826 | 1,741,257 |
Taxation – net | 730,240 | 564,313 |
Profit for the year | 1,644,586 | 1,176,944 |
Rupees |
||
Earnings per share – Basic and Diluted | 16.80 | 12.02 |
The Annual General Meeting of the Company will be held on Monday, April 23rd 2012 at 10:30 a.m. at Beach Luxury Hotel M.T. Khan Road, Karachi.
The Final Cash Dividend if approved by the Shareholders will be paid to the shareholders whose names appear in the Registrar of Members on Friday, April 13th 2012.
The Share Transfer Books of the Company will be closed from Saturday, April 14th 2012 to Saturday, April 21st 2012, (both days inclusive). Transfers received by our Registrar FAMCO Associates (Pvt) Limited State Life Building 1-A, I.I. Chundrigar Road, Karachi at the close of business on Friday, April 13th will be treated in time for the purpose of payment of dividend to the transferees.
For more information, contact:
Asif Jooma
Chief Executive and
Managing Director
Abbott Laboratories (Pakistan) Limited
8th Floor Faysal House
ST-02, Shahrah-e-Faisal,
Karachi- 75350
P. O. Box 7229 Karachi 74400
Tel: (92-21) 3279918-19
Fax: (92-21) 32800244