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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