Service Industries Limited’s finance results for the year ended December 31, 2012

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Karachi, April 02, 2013 (PPI-OT): We wish to inform you that the board of director of our company in its meeting held on Monday 1st April, 2013 at 11:30 hours at Serves House, 2-Main Gulberg, Lahore has recommended the following:

Final Cash Dividend:

A final cash dividend for the year ended 31/12/2012 at Rs. 7.50 per share i.e. 75%.

Bonus Shares                  Nil

Right Shares                  Nil

Any Other Entitlement         Nil

Financial Results:

Summary of the financial results is annexed.

The annual general meeting of the shareholders of the company will be held on Tuesday the 30th April, 20132 at 10:00 a.m. at Shalimar Tower Hotel, Adjacent Serves House, 2-Main Gulberg, Lahore. The final cash dividend if approved by the shareholders will be paid to the shareholders whose names appear in the register of members as on 22/04/2013.

Closure of Share Transfer Books:

The Share Transfer Books of the company will remain closed from 23/04/2013 to 30/04/2013 (both days inclusive). Transfers received in order at the company’s shares registrar office of M/s Hameed Majeed Associates (Pvt.) Limited at 1st Floor, H. M. House, 7-Bank Square. The mall Lahore at the close of business on 22/04/2013 will be treated in time for the purpose of payment of divided to the shareholders.

The financial results of the company are as under:

	31-12-2012	31-12-2011
	Rupees in thousand
Sales	12,167,267	11,549,029
Cost of sales	10,620,854	9,979,973
	———-	———-
Gross Profit	1,546,413	1,569,236
Distribution cost	545,476	322,754
Administrative expenses	511,790	456,471
Other operating expenses	32,580	58,270
Finance cost	322,151	237,695
Other operating income	(58,005)	(40,570)
	———-	———-
	1,353,992	1,034,617
Profit before taxation	192,421	534,619
Taxation	65,081	101,251
	———-	———-
Profit after taxation	127,340	433,368
Earning per shared (Rupees)	10.59	36.03

For more information, contact:
Service Industries Limited
Service House, 2-Main Gulberg
Lahore-54662 (Pakistan)
Phone: (42) 5751990-96
Fax: (42) 5710593