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Karachi, September 17, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Saturday, September 15, 2012 at 09:00 a.m. at the registered office of Company at Plot. No. HT-8 Landhi Industrial and Trading Estate, Karaehi-75120, recommended the following:
(i) Cash Dividend
A final Cash Dividend for the year ended 30-06-2011 @ Rs. Nil per Share i.e. Nil %. This is in addition to Interim Dividends already paid at Rs. Nil per share i.e. Nil %.
The Financial Results of the Company are as follow:
|
June 30, |
June 30, |
|
|
2011 |
2010 |
|
|
Rupees |
Rupees |
|
| Sales-Net |
496,641,140 |
1,169,922,221 |
| Cost of sales |
690,443,360 |
1,114,646,629 |
|
———– |
————- |
|
| Gross (loss)/ profit |
(193,802,220) |
55,275,592 |
| Selling and distribution Cost |
20,549,699 |
30,452,172 |
| Administrative expenses |
27,992,852 |
30,536,581 |
|
———– |
————- |
|
|
48,542,551 |
60,988,753 |
|
|
———– |
————- |
|
| Operating loss |
(242,344,772) |
(5,713,161) |
| Finance cost |
131,006,574 |
164,520,553 |
| Other Operating Expenses |
19,236,544 |
5,782,862 |
|
———– |
————- |
|
|
150,243,118 |
170,303,415 |
|
| Other operating income |
8,331,645 |
14,866,181 |
|
———– |
————- |
|
| Loss before taxation |
(384,256,245) |
(161,150,395) |
| Taxation |
257,225 |
22,762,494 |
|
———– |
————- |
|
| Loss after taxation |
(383,999,020) |
(138,387,901) |
|
———– |
————- |
|
| Loss per share (basic and diluted) |
(36.14) |
(13.02) |
The Annual General Meeting of the Company will be held on 06, October 2012 at 11.00 a.m. at the registered office the Company’s at Plot No., HT-8, Landhi Industrial and Trading Estate, Landhi, Karachi-75120.
The Share Transfer Books of the Company will be closed from 2nd October 2012 to 5th October 2012 (both days inclusive). Transfers received at the registered office of the Company at Husein Industries Limited (HUSI), HT-B, Landhi, Karachi, at the close of business on 01-10-2012 will be treated in time for the purpose of above entitlement to the transferees.
For more information, contact:
Husein Industries Limited
HT-8, Landhi Industrial and Trading Estate,
Karachi75120, Pakistan
Tel: (92-21) 5018536 (3 Lines)
Fax: (92-21) 5018545
E-mail: sales@husein.com
Web: www.husein.com