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Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 29th July, 2011 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 |
|
Rs’000 |
Rs’000 |
Rs’000 |
||||
|
2011 |
2010 |
Total |
||||
| Battery | Chemical | Battery | Chemical | 2011 | 2010 | |
| Division | Division | Division | Division | |||
| sales | 2,726,053 | 115,646 | 2,047,969 | 94,411 | 2,841,699 | 2,142,380 |
| Cost of Sale | 2,422,725 | 90,008 | 1,849,063 | 71,651 | 2,512,733 | 1,920,714 |
| ——— | ——— | ——— | ——— | ——— | ——— | |
| Gross ProfIt | 303,328 | 25,638 | 198,906 | 22,760 | 328,966 | 221,666 |
| Operating Expenses | 120,406 | 2,479 | 113,878 | 1,911 | 122,885 | 115,789 |
| ——— | ——— | ——— | ——— | ——— | ——— | |
| operating Profit | 182,922 | 23,159 | 85,028 | 20,849 | 206,081 | 105,877 |
| Finance Cost | 30,928 | 27,725 | ||||
| Other Charges | 18,739 | 6,995 | ||||
| Other Income | 137 | 157 | ||||
| ——— | ——— | ——— | ——— | ——— | ——— | |
| Profit before tax | 156,551 | 71,314 | ||||
| Taxation – Current | 53,708 | 24,247 | ||||
| – Deferred | – | – | ||||
| ——— | ——— | ——— | ——— | ——— | ——— | |
| Profit after tax | 102,843 | 47,067 | ||||
| Un-appropriated | 316,916 | 248,927 | ||||
| Profit brought forward
Transferred to revenue reserve for the year ended March 31, 2011/2010 |
(233,000) | (180,000) | ||||
| Final Dividend for the
year ended March 31,2011(60%)2010(60%) |
(33,899) | (33,889) | ||||
| Transferred to reserve
fo~ Issuance of bonus shares for the year ended March 31, 2011/2010 |
(14,125) | – | ||||
| Transfer from surplus on
revaluatIon of fixed assets |
– | – | ||||
| ——— | ——— | |||||
| Un-appropriated
profit carried forward |
138,735 | 82,095 | ||||
| ——— | ——— | |||||
|
Rupees |
||||||
| Earnings per share | 18.20 | 8.33 | ||||
For more information, contact:
S.Haider Mehdi
Company Secretary
Exide Pakistan Limited
A/44, Hill Street, Off: Manghopir Road,
S.I.T.E. Karachi-75700 (Pakistan)
Tel: +9221 2593371-85
Fax: +9221 2561679