Baluchistan Particle Board Limited’s financial results for the year ended June 30, 2012

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Karachi, September 19, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday, September 19, 2012 at 12.00 noon at 4th floor, Imperial Court, Dr. Ziauddin Ahmed Road, Karachi, recommended the following:

(i) Cash Dividend                                     Nil

And/ Or

(ii) Bonus Issue                                      Nil

And/ Or

(iii) Right Shares                                    Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action           N/A

And/ Or

(v) Any Other Price-Sensitive Information             N/A

The financial results of the Company are as follows:

	June	June
	2012	2011
	(Rupees in thousands)
Revenue
Rental income	3,098	2,816
Profit on sale of vehicle	–	78
Profit on treasury call account	150	309
	—–	—–
	3,248	3,203
Factory and administrative expenses
Salaries and allowances	84	76
Rent, rates and taxes	76	55
Communication, printing and stationery	165	211
Repairs and maintenance	94	85
Provision for obsolescence and slow moving stores and spare parts	315	–
Traveling, conveyance and vehicle running expenses	1	1
Directors’ fee	10	10
Stock exchange listing fee	62	50
Depreciation	298	332
Legal and professional charges	417	145
Insurance	15	17
Auditors’ remuneration	53	48
Fees, subscription and other expenses	27	58
Financial charges	136	133
	—–	—–
C/F	(1,753)	(1,221)
Profit before taxation	1,495	1,982
Taxation	280	350
Profit after taxation	1,215	1,632
	—–	—–
Earnings per share-Basic and diluted     (Rs.)	0.20	0.27

The Annual General Meeting of the Company will be held at 11.30 a.m. on Monday, October 22, 2012 at Second Floor, The Institute of Chartered Accountants of Pakistan, Chartered Accountants Avenue, Clifton, Karachi 75600.

The Share Transfer Books of the Company will remain closed from Monday October 15, 2012 to Monday, October 22, 2012 (both days inclusive).

For more information, contact:
Cawas R. Setina
Company Secretary
Baluchistan Particle Board Limited
3rd Floor, Imperial Court,
Dr. Ziauddin Ahmed Road, Karachi,
Ph: 5680036-9
Fax: 92-21-5684086
Telex: 21093,