Clariant Pakistan Limited’s financial results for the year for the year 2011

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Karachi: We are pleased to inform you that the Board of Directors of our Company in their meeting held on 30 January 2012 at 11:00 am at 1-A/1, Sector 20, Korangi Industrial. Area, Karachi, have recommended the following:

 

1. Cash Dividend – Final	180 % (Rs. 18 per share)
– Interim	Nil
2. Bonus Shares  – Final	Nil
– Interim	Nil
3. Right Shares	Nil
4. Any other entitlement	Nil
5. Books closure	22-March-2012 to 30-March-2012

 

The Annual General Meeting of the Company will be held at 1-A/1, Sector 20, Korangi Industrial Area, Karachi on Friday, 30 March 2012 at 10:00 a.m.

The above entitlement will be paid to the shareholders whose names will appear in Register of Members on 22 March 2012.

The share transfer books of the Company will remain closed from 22 March 2012 to 30 March 2012 (both days inclusive) and transfers received and found in order by the Company’s Registrars, M/s FAMCO (Pvt.) Limited, State Life Building 1-A, Ground Floor, I.I. Chundrigar Road, Karachi at the close of business on 21 March 2012 will be considered in time for the purpose of above entitlement to the transferees.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange 21 days before the date of AGM.

The financial results of the Company for the year 2011 along with comparative information are as follows:

 

	2011	2010
	Rs.000
Net Sales	8,371,140	8,383,872
Cost of Goods Sold	6,301,740	6,475,658
Gross Profit	2,069,400	1,908,241
Distribution and Marketing Expenses	575,302	525,294
Administration Expenses	181,247	170,227
Other Operating Income	54,881	50,645
Other Operating Expenses	81,681	82,822
Operating Profit	1,286,051	1,180,516
Finance Cost	245,163	196,987
Profit Before Tax	1,040,888	983,529
Taxation	262,635	220,829
Profit After Tax	778,253	762,700
	———-	———–
Earnings per share – basic	22.81	22.35

 

For more information, contact:
M. Irfan Lakhani
Manager Corporate Affairs
Clariant Pakistan Limited
1-A/1, Sector 20, Korangi Industrial Area,
Karachi-74900, Pakistan
UAN: 111-275-000
Tel: 5046710-19
Fax: 92-21-5046712-5032337