Exide Pakistan Limited’s financial results for the Year Ended 31st March, 2011

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Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 15th June, 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

A Final Cash dividend for the year ended March 31, 2011 at Rs.6.00 per share i.e. 60%

ii. Bonus Shares

25% Bonus Shares to be issued for the year ended March 31, 2011 i.e. issue 1 share for every 4 shares hel

iii. Right Shares

NIL

i. It has been recommended by the Board of Directors to transfer to the General Reserves an amount of Rs. 233,000,000.00

The Financial results of the Company are as follows:

Rs’000		Rs’000				Rs’000
2011		2010				Total
Battery	Chemical	Battery	Chemical Division			2011	2010
Division	Division	Division
Sales	7,340,259	371,193	5,947,650		241,485	7,711,452	6,189,135
Cost of Sales	6,352,068	291,562	5,235,024		178,904	6,643,630	5,413,928
	———	———	———		———	———	———
Gross Profit	988,191	79,631	712,626		62,581	1,067,822	775,207
Operating						462,313	353,985
						———	———
Operating Profit						605,509	421,222
Finance Cost						128,489	78,948
Other Charges						51,888	43,994
Other Income						4,594	5,274
Profit before tax						429,726	303,554
Taxation – Current						154,226	86,035
Deferred						(890)	20,232
Profit after tax						276,390	197,287
Un – appropriated Profit						248,927	154,392
Brought Forward
Transfer red to revenue						180,000	80,000
Reserve for the Year Ended Mar 31, 2011/2010
Final Dividend for the year Ended March31, 2011 (60%) 2010 (60%)						33,899	28,250
Transfer from surplus on Revaluation of Fixed Assets						5,498	5,498
						———	———
Un-appropriated Profit						316,916	248,927
Carried Forward
						———	———
						Rupees
Earnings per Share						48.92	34.92

For more information, contact:
S. Haider Mehdi
Company Secretary
Exide Pakistan Limited
A-44,A-44, Hill Street,
Off: Manghopir Road,
S.I.T.E. Karachi – Pakistan
Tel: +9221 2593371-85
Fax: +9221 2561679