Indus Motor Company Limited’s financial results for the year ended June 30, 2011

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Karachi: We have to inform you that the Board of Directors of’ our Company in their meeting held on Wednesday, August 24, 2011 at 10:00 a.m. at our Registered office / Factory, Indus Motor Company Limited (INDU) (Port Qasim), Karachi, recommended the following:

Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 at Rs. 10/- per share i.e. 100%. This is in addition to Interim Dividend already paid at Rs, 5/- per share i.e. 50%.

Profit and Loss Account

For the Year Ended June 30, 2011

 

	2011	2010
	(Rupees in ‘000)
Net sales	61,702,677	60,093,139
Cost of sales	57,613,542	55,236,625
	———-	———-
Gross Profit	4,089,135	4,856,514
Distribution expenses	690,130	468,496
Administrative expenses	462,517	381,575
	———-	———-
	1,152,647	850,071
	———-	———-
	2,936,488	4,006,443
Other operating expenses	355,796	416,106
	———-	———-
	2,580,692	3,590,337
Other operating income	1,507,878	1,796,075
	———-	———-
	4,088,570	5,386,412
Finance costs	77,115	143,873
	———-	———-
Profit before taxation	4,011,455	5,242,539
Taxation	1,268,071	1,799,136
	———-	———-
Profit after taxation	2,743,384	3,443,403
	———-	———-
	(Rupees)
Earnings per share	34.90	43.81

 

 

The Annual General Meeting (AGM) or the Company will he held cm Friday, September 30, 2011 al. 9:00 a.m. at Pearl Continental Hotel, Karachi

The ahove entitlement will he paid to the shareholders whose names will appear in the Register of the members on September 22, 2011.

The Share Transfer Books of the Company will be closed from September 23, 2011 to September 30, 2011 (both days inclusive). Transfers received at the Company’s Share Registrar at “M/s. Noble Computer Services (Private) Limited, Shares Department, First Floor, House of Habib Building (Siddiqsons Tower), 3-Jinnah Cooperative Housing Society, Main Shahrah-e-Faisal, Karachi-75350 (Tel:  34325482-87)” at the close of business on September 22, 2011, will be treated iii time for the purpose of above entitlement to the transferees.

 

For more information, contact:
Mustafa Hasan Lakbani
Company Secretary
Indus Motor Company Limited
Plot No. N.W.Z/1/P-1, Port Qasim Authority,
Karachi.
Tel: (021) 34720041-48
Fax: (92-21) 34720038