Pakistan Services Limited’s financial results for the year ended June 30, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday, September 26, 2011 at 03:00 p.m. at Level-4, Emirates Tower, Dubai recommended the following.

 

1.	Cash Dividend:	Nil
2.	Bonus Issue:	Nil
3.	Right Shares:	Nil

 

Financial Results:

The financial results of the Company for the year ended June 30, 2011 approved by the Board of Directors are enclosed herewith as Annexure-A.

The Annual General Meeting of the Company will be held on October 29, 2011 at 11:00 a.m. at Islamabad.

The Share transfer books of the Company will be closed from October 23, 2011 to October 29, 2011 (both days inclusive). Transfers received at the registered office of the Company at the close of business on October 22, 2011 will be transfers received at the registered office of the Company at the close of business on October 22, 2011 will be treated in time.

Annexure-A

The financial results of the Company for the year ended June 30, 2011 are as follows:

 

	2011	2010
	(Rupees’000)
Sales and services – net	5,016,601	4,238,232
Cost of sales and services	(3,018,227)	(2,698,003)
	———	———
Gross Profit	1,998,374	1,540,229
Administrative expenses	(1,165,102)	(1,092,180)
Other operating expenses	(19,201)	(21,078)
Finance cost	(177,058)	(161,173)
Other operating income	237,022	339,339
	———	———
Profit before taxation	964,035	605,137
Taxation	(295,503)	(177,205)
	———	———
Profit for the year	668,532	427,932
	———	———
Earnings per share – basic and diluted (Rupees)	20.56	13.16

 

For more information, contact:
Mansoor Khan
Company Secretary
Pakistan Services Limited
9th Floor, UBL Building,
Jinnah Avenue, Blue Area, Islamabad
Tel: +92-51 2812142
Fax: +92-51 2812143