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Karachi: We have to inform you that the Board of Directors of our Company iii their meeting held on Friday the 16th September, 2011 at 12/CL-6, Claremont Road, Civil Lines, Karachi has recommended the following:-
Cash Dividend:
It has been recommended by the Board of Directors a final Cash Dividend for the year ended 30th June, 2011 @ Rs. 2.50 per share i.e. 25%.
The financial results or the Company are enclosed herewith.
Annual General Meeting:
The Annual General Meeting of the Company will be held at 3:00 P.M. on Thursday, October 27, 2011 at the registered office of the company situated at 12/CL-6, Claremont Road, Civil Lines, Karachi.
The Cash Dividend, if approved by the shareholders will be issued to the shareholders whose names appear in the Register of the Members on October 18, 2011.
Book Closure:
The Share Transfer Books of the Company will be closed From: October 19, 2011 To October 27, 2011 (both days inclusive). Transfers received by the Noble Computer Services (Private) Limited, 2nd Floor, House of Habib Building, (Siddiqsons Tower), 3-Jinnah C.H. Society, Main Shahrah-e-Faisal, Karachi-75530, at the close of business on October 18, 2011 will be treated in time for the purpose of above entitlement to the transferees.
National Foods Limited
Financial Results for the year ended June 30, 2011
|
2011 |
2010 |
|
|
(Rupees in thousand) |
||
| Sales | 5,520,780 | 4,489,946 |
| Cost of sales | (3,948,799) | (3,163,199) |
| ——— | ——— | |
| Gross profit | 1,513,981 | 1,326,747 |
| Distribution cost | (886,106) | (909,818) |
| Administrative expenses | (179,724) | (164,303) |
| Other operating expenses | (32,767) | (17,295) |
| Other operating income | 12,063 | 23,214 |
| ——— | ——— | |
| Operating Profit | 487,447 | 258,545 |
| Finance costs | (125,696) | (99,364) |
| ——— | ——— | |
| Profit before taxation | 361,751 | 159,181 |
| Taxation | (131,154) | (72,622) |
| ——— | ——— | |
| Profit after taxation | 230,597 | 86,559 |
| ——— | ——— | |
| Earnings per share | 5.56 | 2.09 |
For more information, contact:
National Foods Limited
12/CL-6, Claremont Road,
Civil Lines, Karachi – 75530
Tel: 5662687
Fax: 9221-5684870
Web: www.nfoods.com