Karachi, August 15, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their 175th meeting held on Wednesday, August 14, 2013 at 10:00 a.m. at POL House, Morgah, Rawalpindi-Pakistan recommended the following:
Cash Dividend:
A final Cash Dividend for the year ended June 30, 2013 at Rs. 15 per share i.e. 150%.
And/ Or
(ii) Bonus Shares:
It has been recommended by the Board of Directors to issue Bonus Share in the proportion of-share (s) for every-share (s) 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 – share (s) for every – share(s). 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
Nil
The financial results of the company is enclosed herewith for your information and necessary action please.
The Annual General Meeting of the Company will be held on September 30, 2013 at 1630 hours at Hotel Carlton, Karachi.
The Share Transfer Books of the Company shall remain closed from September 20, 2013 to September 30, 2013 (both days inclusive). Transfers received at the office of Company’s Share Registrar at the address below at the close of business on September 19, 2013 will be treated in time for the purpose of payment of entitlement to the transferees:
THK associates (Pvt.) Ltd., Ground Floor, State Life Building-3, Dr. Ziauddin Ahmed Road, Karachi-75530
We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange 21 days before the date of AGM.
Encl: Audited Profit and Loss Account of NRL for the year ended June 30, 2013.
Profit and Loss Account for the Year Ended June 30, 2013 2013 2012 (Rupees in thousands) Gross sales 216,123,042 207,588,512 Trade discounts, taxes, duties, levies and price differential (36,938,627) (32,791,437) ----------- ----------- Net sales 179,184,415 174,797,075 Cost of sales (174,118,575) (170,074,583) ----------- ----------- Gross profit 5,065,840 4,722,492 Distribution and marketing expenses (1,037,671) (1,264,034) Administrative expenses (508,039) (464,104) Other income 2,179,743 3,136,832 Other operating expenses (354,519) (335,454) ----------- ----------- Operating profit 5,345,354 5,794,732 Finance cost (870,547) (1,342,860) ----------- ----------- Profit before taxation 4,474,807 4,451,372 Taxation (1,630,350) (1,833,488) ----------- ----------- Profit after taxation 2,844,457 2,618,384 Other comprehensive income - - ----------- ----------- Total comprehensive income 2,844,457 2,618,384 ----------- ----------- (Rupees) Earnings per share-basic and diluted 35.57 32.74 ----------- -----------
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