Exide Pakistan Limited’s financial results for the 1st quarter ended 31st June, 2013 : AsiaNet-Pakistan

Exide Pakistan Limited’s financial results for the 1st quarter ended 31st June, 2013

July 31, 2013 | Financial Results | Share:

Karachi, July 31, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on 30th July, 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
Nil

ii) Bonus Shares
Nil

iii) Right Shares
Nil

                                                         1st Quarter ended       1st Quarter ended
                                                           June 30, 2013           June 30, 2012
                                                              Rs ‘000                 Rs ‘000

Sales                                                        2,630,923               3,192,682
Cost of Sales                                                2,324,527               2,689,868
Gross Profit                                                   305,396                 502,814
Operating expenses                                             130,673                 171,155
Operating Profit                                               175,723                 331,659
Finance Cost                                                     7,385                  18,568
Other Charges                                                   15,941                  36,391
Other Income                                                       183                   5,229
Profit before tax                                              152,580                 281,929
Taxation-Current                                                50,351                  97,231
- Deferred                                                         -                       -
Profit after tax                                               101,229                 184,698
Un-appropriated Profit brought forward                         532,068                 366,027
Transferred to revenue reserve for the year ended
March 31, 2013/2012                                           (445,000)               (288,000)
Final Dividend for the year ended March
31, 2013 (60%)2012(60%)                                        (42,374)                (42,374)
Transferred to reserve for Issuance of bonus shares
for the year ended March 31, 2013/2012                          (7,062)                    -
Un-appropriated Profit carried forward                         139,861                 220,351
                                                                            Rupees
Earnings per share                                               14.48                   26.15

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