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
iii) Right Shares
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
EXIDE Pakistan Limited
A-44, A-45, Hill Street,
Off: Manghopir Road, S.I.T.E.,
Tel: 32593371-85, 32593181-85, 32578061-64
Fax: 32561679, 32573575
Category: Financial Results