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Tuesday, August 22nd, 2017

Highnoon Laboratories Limited’s annual audited accounts for the year ended December 31, 2012

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Karachi, March 19, 2013 (PPI-OT): We are pleased to inform you that the Board of Directors of our Company in the meeting held at 11.00 a.m. on Tuesday, March 19, 2013 considered and approved annual audited accounts for the year ended December 31, 2012 and recommended the following:

Cash Dividend

A final Cash Dividend for the year ended December 31, 2012 at the rate of Rs. 3.50 per share that is thirty five percent (35%).

The financial results are as follows:

Year Ended

Year Ended

Dec. 31, 2012

Dec. 31, 2011

(Amount in Rupees)

Sales-net

2,465,620,979

2,944,907,488

Cost of Sales

1,440,689,018

2,030,736,442

————-

————-

Gross Profit

1,024,931,961

914,171,046

Other Operating Income

18,330,727

92,752,280

Distribution, Selling and
Promotional Expenses

610,040,225

568,588,690

Administrative and General
Expenses

195,854,466

195,732,726

Research and Development Expenses

8,875,532

6,727,034

Other Operating Expenses

2,149,046

21,450,726

————-

————-

818,588,342

699,746,896

————-

————-

206,343,419

214,424,150

Financial Cost

48,182,492

70,370,861

————-

————-

Profit before Tax

158,160,927

144,053,289

Taxation

54,759,366

51,672,027

————-

————-

Profit after Tax

103,401,561

92,381,262

————-

————-

Earnings per Share

5.69

5.08

The Annual General Meeting of the Company will be held on April 23, 2013 at 10.00 a.m. at Registered Office, 17.5 Kilometre, Multan Road, Lahore.

The above entitlements will be paid to the shareholders, whose names will appear in the Register of Members prior to the date of close of Register of Transfers i.e. April 14, 2013.

The share transfer books of the Company will remain closed from April 15, 2013 to April 23, 2013 (both days inclusive) for the purpose of determining the entitlement of payout.

In pursuance of listing regulation No. 28(1) of the Exchange you are requested to please accord necessary approval to convene the Annual General Meeting on April 23, 2013 at 10.00 a.m.

We will be sending you =300= copies of printed accounts for distribution among the members of exchange 21 days before the date of Annual General Meeting.

Thanking you and assurances of our highest considerations.

For more information, contact:
Khadim Hussain Mirza
Company Secretary
Highnoon Laboratories Limited
17.5 Kilometre, Multan Road,
Lahore – 53700 (Pakistan)
P. O. Box: 3318, Gulberg,
Lahore-54660 (Pakistan)
UAN: 111-000465
Fax: 92-42-37510037
Email: info@highnoon.com.pk
Web: www.highnoon-labs.com

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