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Karachi: We have to inform you that the Board of Directors of our Company in their l66th meeting held on October 20, 2011 at Hotel Marriott, Karachi recommended the following:
Cash Dividend:
An interim Cash Dividend for the quarter ended September 30, 2011 @ Rs. ____ per share i.e. ____%.
Bonus Shares:
It has been recommended by the Board of Directors to issue Bonus Share in the proportion of share____ share(s) for every ____ shares held, i.e. ____ %.
Right Shares:
The Board has recommended to issue — %Right Shares at par / at a discount / premium of Rs. ____ per share in proportion of____ shares for every____ shares. The entitlement of right shares being declared simultaneously will be / will not be applicable on Bonus Shares as declared above.
National Refinery Limited (NRL)
The financial results of the company for the quarter ended September 30, 2011 are enclosed.
The Share Transfer Books of the Company will be closed from ____, 2011 to ____, 2011 (both days inclusive). Transfers received at the office of Company’s Registrar at the address below at the close of business on ____ 2011 will be treated in time for the purpose of payment of entitlement to the transferees:
Noble Computer Service (Private.) Limited,
1st Floor, House of Habib Building – Siddiqsons Tower,
3-JinnahCooperative Housing Society, Main Shahrah-e-Faisal,
Karachi. 75350
Un-audited Profit and Loss Account of NRL for the quarter ended September 30, 2011.
National Refinery Limited
Condensed Interim Profit and Loss Account for the Quarter Ended September 30, 2011 (Unaudited)
|
September 30, 2011 |
September 30, 2010 |
|
|
(Rupees in thousands) |
||
| Gross sales | 43,794,874 | 41,268,208 |
| Trade discounts, taxes, duties and levies | (6,187,211) | (7,878,567) |
| ———– | ———– | |
| Net sales | 37,607,663 | 33,389,641 |
| Cost of sales | (36,092,594) | (31,076,603) |
| ———– | ———– | |
| Gross profit | 1,515,069 | 2,313,038 |
| Distribution and marketing expenses | (262,816) | (239,820) |
| Administrative expenses | (110,358) | (91,598) |
| Other operating income | 477,751 | 416,965 |
| Other operating expenses | (99,160) | (167,792) |
| ———– | ———– | |
| Operating profit | 1,520,486 | 2,230,793 |
| Finance cost | (195,938) | (64,037) |
| ———– | ———– | |
| Profit before taxation | 1,324,548 | 2,166,756 |
| Taxation | (496,240) | (817,380) |
| ———– | ———- | |
| Profit after taxation | 828,308 | 1,349,376 |
| ———– | ———- | |
|
(Rupees) |
||
| Earnings per share | 10.36 | 16.87 |
For more information, contact:
Shaikh Athar Ahmed
Company Secretary
National Refinery Limited
7-B, Korangi Industrial Zone,
Korangi, P.O. Box: 8228,
Karachi-74900, Pakistan
PABX: 35064977-79
UAN: 111-675-675
Tel: +9221 35061544
Fax: +92-21-35054663
Website: www.nrlpak.com