AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, August 15, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company, in their meeting held on 14th August, 2013 at 12:00 noon at POL House, Morgah, Rawalpindi recommended the following:
i. Cash Dividend
A Final Cash Dividend for the year ended June 30, 2013 @ Rs. 2.50 per share i.e. 25%. This is in addition to interim dividend already paid at Rs. 2.50 per share i.e. 25%.
ii. Bonus Issue
Nil
iii. Right Shares
Nil
iv. Any Other Price Sensitive Information
The financial results of the Company are enclosed herewith for your information and necessary action please. See Annexure ‘A’.
Book Closure
The Share Transfer Books of the Company will be closed from 19th September, 2013 to 27th September, 2013, (both days inclusive). Transfers received in order at the office of the Share Registrar M/s THK Associates (Pvt.) Limited, Ground Floor, State Life Building No. 3, Dr. Ziauddin Ahmed Road, P.O. Box No. 8533, Karachi-75530 at the close of business on 18th September, 2013 will be treated in time for the purpose of payment of final cash dividend if approved by the Shareholders.
We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time.
Annexure-A
Profit and Loss Account for the Year Ended June 30, 2013
2013 2012
Rs ‘000 Rs ‘000
Sales 163,300,532 154,381,558
Cost of sales (160,271,234) (152,362,204)
----------- -----------
Gross profit 3,029,298 2,019,354
Administration expenses 360,655 340,013
Distribution cost 41,162 37,615
Finance cost 548,555 994,739
Other charges 405,959 264,533
----------- -----------
(1,356,331) (1,636,900)
----------- -----------
1,672,967 382,454
Other income 3,082,103 2,388,774
----------- -----------
Profit before taxation from refinery operations 4,755,070 2,771,228
Provision for taxation (2,137,508) (1,625,183)
----------- -----------
Profit after taxation from refinery operations 2,617,562 1,146,045
Income from non-refinery operations
less applicable charges and taxation 1,298,094 1,588,641
----------- -----------
Profit for the year 3,915,656 2,734,686
Earnings per share-Basic and diluted (Rs)
Refinery operations 30.69 13.44
Non-refinery operations 15.22 18.63
----------- -----------
45.91 32.07
----------- -----------
For more information, contact:
Muhammad Hashim Ali
Senior Executive (Accounts)
Attock Refinery Limited
Refinery P.O. Morgah,
Rawalpindi, Pakistan
Tel: (92-51)5487041-45,
Telex: (92-51)5487254,
E-mail: info@arl.com.pk