Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on January 28, 2012 at 10:30 hours at Hotel Sheraton, Karachi, recommended the following:
(i) Cash Dividend:
An interim Cash Dividend for the half-year ended December 31, 2011 at Rs. — per share i.e. —%.
And/ Or
(ii) Bonus Shares:
It has been recommended by the Board of Directors to issue Interim Bonus Share in the proportion of — share(s) for every — shares held, i.e. —%.
And/ Or
(iii) 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.
And/ Or
(iv) Any Other Entitlement / Corporate Action
And/ Or
(v) Any other Price-sensitive Information
Condensed Interim Profit and Loss Account for the Half Year Ended December 31, 2011 (Unaudited)
Quarter ended | Half year ended | |||
December 31, | December 31, | December 31, | December 31, | |
2011 | 2010 | 2011 | 2010 | |
(Rupees in ‘000) | ||||
Gross sales | 52,890,032 | 42,185,109 | 96,684,906 | 83,453,317 |
Trade discounts, taxes, duties and levies | (8,831,829) | (7,846,661) | (15,019,040) | (15,725,228) |
———- | ———- | ———- | ———- | |
Net sales | 44,058,203 | 34,338,448 | 81,665,866 | 67,728,089 |
Cost of sales | (42,639,647) | (32,032,752) | (78,732,241) | (63,109,355) |
———- | ———- | ———- | ———- | |
Gross profit | 1,418,556 | 2,305,696 | 2,933,625 | 4,618,734 |
Distribution and marketing expenses | (310,795) | (274,867) | (513,611) (514,687) | |
Administrative expenses | (110,573) | (95,033) | (220,931) | (186,631) |
Other operating income | 746,788 | 808,697 | 1,224,539 | 1,225,662 |
Other operating expenses | (94,799) | (181,209) | (193,959) | (349,001) |
———- | ———- | ———- | ———- | |
Operating profit | 1,649,177 | 2,583,284 | 3,169,663 | 4,794,077 |
Finance cost | (400,151) | (45,499) | (596,089) | (109,536) |
———- | ———- | ———- | ———- | |
Profit before taxation | 1,249,026 | 2,517,785 | 2,573,574 | 4,684,541 |
Taxation | (492,734) | (731,214) | (988,974) | (1,548,594) |
———- | ———- | ———- | ———- | |
Profit after taxation | 756,292 | 1,786,571 | 1,684,600 | 3,135,947 |
———- | ———- | ———- | ———- | |
Earnings per share – basic and diluted. | Rs. 9.46 | Rs. 22.34 | Rs.19.82 | Rs. 39.22 |
The financial results of the company are enclosed.
The Share Transfer Books of the Company will be closed from —, 2012 to — 2012 (both days inclusive). Transfers received at the office of Company’s Registrar at the address below at the close of business on — will be treated in time for the purpose of above entitlement to the transferees:
Noble Computer Services (Private.) Limited,
1st Floor, House of Habib Building – Siddiqsons Tower,
3-Jinnah Cooperative Housing Society, Main Shahrah-e-Faisal,
Karachi.75350
For more information, Contact
National Refinery Limited
7-B, Korangi Industrial,
Zone, Korangi, P.O. Box: 8228,
Karachi-74900 – Pakistan
PABX: 35064977-79, 35064981-86
UAN: 111-675-675
Fax: 92-21-35054663
Website: www.nrlpak.com