AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, September 17, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their 170th meeting held on Saturday, September 15, 2012 at Grand Hyatt, Dubai, at 10:00 a.m. recommended the following:
Cash Dividend:
A final Cash Dividend for the year ended June 30, 2012 @ Rs. 15 per share i.e. 150 %.
Bonus Shares:
It has been recommended by the Board of Directors to issue Bonus Share in the proportion of Nil share (s) for every Nil shares held, i.e. Nil %.
Right Shares:
The Board has recommended to issue Nil % Right Shares at par/ at a discount/premium of Rs. Nil per share in proportion of Nil shares for every Nil shares. The entitlement of right shares being declared simultaneously will be/ will not be applicable on Bonus Shares as declared above.
Profit and Loss Account for the Year Ended June 30, 2012
|
2012 |
2011 |
|
|
(Rupees in thousand) |
||
| Gross sales |
207,588,512 |
178,058,448 |
| Trade discounts, taxes, duties and levies |
(32,791,437) |
(29,499,956) |
|
———– |
———– |
|
| Net sales |
174,797,075 |
148,558,492 |
| Cost of sales |
(170,074,583) |
(138,551,416) |
|
———– |
———– |
|
| Gross profit |
4,722,492 |
10,007,076 |
| Distribution and marketing expenses |
(1,264,034) |
(1,135,999) |
| Administrative expenses |
(464,104) |
(420,995) |
| Other operating income |
3,136,832 |
2,497,574 |
| Other operating expenses |
(336,454) |
(768,578) |
|
———– |
———– |
|
| Operating profit |
5,794,732 |
10,179,078 |
| Finance cost |
(1,342,860) |
(150,468) |
|
———– |
———– |
|
| Profit before taxation |
4,451,872 |
10,028,610 |
| Taxation |
(1,833,488) |
(3,460,077) |
|
———– |
———– |
|
| Profit after taxation |
2,618,384 |
6,568,533 |
| Other comprehensive income |
– |
– |
|
———– |
———– |
|
| Total comprehensive income |
2,618,384 |
6,568,533 |
|
———– |
———– |
|
|
(Rupees) |
||
| Earnings per share-basic and diluted |
32.74 |
82.14 |
The financial result of the company is enclosed herewith for your information and necessary action please.
The Annual General Meeting of the Company will be held on October 19, 2012 at 1630 hours at Hotel Sheraton, Karachi.
The Share Transfer Books of the Company shall remain closed from October 12, 2012 to October 19, 2012 (both days inclusive). Transfers received at the office of Company’s Registrar at the address below at the close of business on October 11, 2012 will be treated in time for the purpose of payment of entitlement to the transferees:
Noble Computer Services (Private.) Limited,
First Floor, House of Habib Building – Siddiqsons Tower,
3-Jinnah Cooperative Housing Society,
Main Shahrah-e-Faisal, Karachi. 75350
For more information, contact:
Nouman Ahmed Usmani
Company Secretary
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