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Sunday, September 24th, 2017

Pakistan Cables Limited’s financial results for the year ended June 30, 2013

Be First!

Karachi, August 06, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 10:30 a.m. on Tuesday the 6th August, 2013, at 101-Beaumont Plaza, 10 Beaumont Road, Karachi has recommended the following:

(i) Cash Dividend

A final Cash Dividend for the year ended June 30, 2013 @ Rs.4.00 per share i.e. 40%.

The financial results of the Company are as follows:
Year ended           Year ended
June 30, 2013        June 30, 2012
(Rupees in ‘000)
Net sales                                         6,164,555            5,344,571
Cost of sales                                    (5,457,538)          (4,666,976)
---------            ---------
Gross Profit                                        707,017              687,595
Selling costs                                      (223,860)            (189,255)
Administrative expenses                            (123,726)            (106,639)
---------            ---------
(347,586)            (295,894)
---------            ---------
359,431              391,701
Other operating expenses                            (25,687)             (58,993)
Other income                                         15,255               15,734
---------            ---------
(10,432)             (43,259)
---------            ---------
348,999              348,442
Finance expenses                                    (86,042)             (67,704)
Share of profit from associates                       3,088                8,218
Impairment loss on investments                          -                (48,000)
---------            ---------
Profit before income tax                            266,045              240,956
Taxation                                            (89,063)            (101,000)
---------            ---------
Profit for the year                                 176,982              139,956
---------            ---------
Earnings per share-basic and diluted               Rs. 6.22              Rs.4.22
---------            ---------

The Annual General Meeting of the Company will be held on Thursday the 26th September 2013 at 11:00 a.m. at Karachi.

The above entitlement, if approved by the shareholders, will be paid to the shareholders whose names will appear in the Register of Members on September 26, 2013.

The Share Transfer Books of the Company will be closed from September 13, 2013 to September 26, 2013 (both days inclusive). Transfers received at the office of our share registrar THK Associates (Private) Limited, Ground Floor, State Life Building # 3, Dr. Ziauddin Ahmed Road, Karachi at the close of business on September 12, 2013 will be treated in time for the purpose of above entitlement to the transferees.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the exchange in due course of time.

For more information, contact:
Kamal A. Chinoy
Chief Executive
Pakistan Cables Limited
P. O. Box No. 5050, B-21 S.I.T.E.,
Karachi-7500, Pakistan
Phones: 32601170-75
Fax: 92-21-32564614
E-mail: info@pakistancables.com
Website: www.pakistancables.com

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