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Karachi, August 24, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on Friday, August 24, 2012 at 10:00 A.M. at 88 – Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore, recommended the following:
1. Final Cash Dividend
A final Cash Dividend for the year ended June 30, 2012 at Re.1/- per share i.e. 10%. This is in addition to interim Dividend already paid at Re. 1/- per share i.e. 10%.
2. Bonus Shares Nil
3. Right Shares Nil
4. Any Other Entitlement/Corporate Action Nil
5. Any Other Price – Sensitive Information Nil
6. Financial Results
The financial results of the company are attached as per annexure –
The Annual General Meeting of the Company will be held on September 29, 2012 at 11:00 A.M. at Four Seasons Banquet Hall, 0.5 KM- Main Raiwind Road, Thokar Niaz Baig, Lahore.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on close of business on 22nd September 2012.
The Share Transfer Books of the Company will be closed from 23rd September 2012 to 29th September 2012 (both days inclusive). Transfers received at the share registrar M/s Corp Tec Associates (Pvt.) Ltd, 7/3 – G, Mushtaq Ahmed Gurmani Road, Gulberg-II, Lahore at the close of business on 22nd September 2012 will be treated in time for the purpose of above entitlement to the transferees.
Annexure-I
Profit and Loss Account for the Year Ended June 30, 2012
|
2012 |
2011 |
|
|
Rupees |
Rupees |
|
| Sales – Net |
2,725,640,195 |
2,542,525,796 |
| Cost of Sales |
2,396,243,899 |
2,269,357,704 |
|
————- |
————- |
|
| Gross Profit |
329,396,295 |
273,168,092 |
| Distribution Cost |
57,428,122 |
55,100,843 |
| Administrative Expenses |
54,571,423 |
44,028,529 |
| Other Operating Expenses |
17,776,308 |
12,702,515 |
|
————- |
————- |
|
|
129,775,852 |
111,831,887 |
|
|
————- |
————- |
|
|
199,620,443 |
161,336,205 |
|
| Other Operating Income |
7,152,184 |
1,906,924 |
|
————- |
————- |
|
|
206,772,627 |
163,243,129 |
|
| Finance Cost |
11,737,717 |
15,479,586 |
|
————- |
————- |
|
| Profit before Taxation |
195,034,910 |
147,763,543 |
| Taxation |
68,950,730 |
56,539,717 |
|
————- |
————- |
|
| Profit after Taxation |
126,084,180 |
91,223,826 |
|
————- |
————- |
|
| Earnings per Share – Basic and Diluted |
7.02 |
5.08 |
For more information, contact:
Arshad Mahmood
Company Secretary
Sazgar Engineering Works Limited
88-Ali Town, Thokar Niaz Baig,
Raiwind Road, Lahore, Pakistan
Ph: +92-42-35312125-7
Fax: +92-42-353121828
E-mail: Sazgar@brain.net.pk
URL: www.sazgar.com.pk