Exide Pakistan Limited’s financial results for the year ended 31st March 2013 : AsiaNet-Pakistan

Exide Pakistan Limited’s financial results for the year ended 31st March 2013

July 1, 2013 | Financial Results | Share:

Karachi, July 01, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on 28th June, 2013 at 15:00 pm at the Registered Office of the Company at A/44, Hill Street, Off: Manghopir Road, S.I.T.E. Karachi recommended the following:

i) Cash Dividend
A final Cash dividend for the year ended March 31, 2013 at Rs. 6/- per share i.e. 60%.

ii) Bonus Shares
10%

iii) Right Shares
Nil

i) It has been recommended by the Board of Directors to transfer to the General Reserves an amount of Rs. 445,000,000.

The Financial results of the Company are as follows:


                                                                                             2013          2012
                                                                                            Rs '000       Rs '000

Sales                                                                                      11,145,295     9,465,724
Cost of Sales                                                                               9,565,046     8,191,480
Gross Profit                                                                                1,580,249     1,274,244
Operating Expenses                                                                            691,462       535,882
Operating Profit                                                                              888,787       738,362
Finance Cost                                                                                   38,327       157,099
Other Charges                                                                                 105,257        96,070
Other Income                                                                                    9,126        15,733
Profit before tax                                                                             754,329       500,926
Taxation-Current                                                                              270,392       171,166
- Deferred                                                                                     (2,489)        9,615
Profit after tax                                                                              486,426       320,145
Un-appropriated profit brought forward                                                        366,027       316,916
Transferred to revenue reserve for the year ended Mar 31, 2013/2012                           288,000       233,000
Final Dividend for the year ended March 31, 2013 (60%) 2012 (60%)                              42,374        33,899
Transferred to reserve for issue of bonus shares                                                  -          14,125
Transfer from surplus on revaluation of fixed assets                                            9,989         9,990
Un-appropriated Profit carried forward                                                        532,068       366,027
                                                                                                      Rupees
Earnings per share                                                                             68.88          45.33

The Annual General Meeting of the Company will be held on Wednesday July 31, 2013 at 10:30 hours at Registered Office of the Company at A-44, Hill Street Manghopir Road, S.I.T.E. Karachi.

The Share Transfer Books of the Company will be closed from July 24, 2013 to July 31, 2013 (both days inclusive). Transfers received at the office of our Registrar M/s. THK Associates (Pvt) Ltd Ground Floor State Life Building No. 3, Dr. Ziauddin Ahmed Road, Karachi at the close of business on 24th July, 2013 will be treated in time for the purpose of above entitlement of divided to the transferees.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.

For more information, contact:
S. Haider Mehdi
Company Secretary
EXIDE Pakistan Limited
A-44, A-45, Hill Street,
Off: Manghopir Road, S.I.T.E.,
Karachi-75700 (Pakistan).
Tel: 32593371-85, 32593181-85, 32578061-64
Fax: 32561679, 32573575
E-mail: exidepk@exide.com.pk

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Category: Financial Results