Pak Datacom Limited’s financial results for the year ended June 30, 2011
Karachi: We are please to inform that the Board of Directors of the Company in their meeting held on Wednesday September 21, 2011 at 02:30 p.m. recommended the following:
(i) Cash Dividend
A final cash dividend for the year ended June, 2011 @ 10% i.e. Rs. 1.00 per share. This final dividend is in addition to 15% (Rs. 1.50 per share) interim cash dividend already paid by the company.
(ii) Bonus Shares
The Board of Directors has recommended not to issue any Bonus Shares for the period.
(iii) Right Shares
The Board has also recommended not to issue any Right Shares.
The financial results of the company are as follows:
June 30, 2011
June 30, 2010
|Cost of services||(589,823,358)||(752,009,931)|
|Other operating income||22,070,861||23,169,477|
|Profit before taxation||28,946,036||249,540,788|
|Provision for taxation||(11,437,690)||(90,447,376)|
|Profit after taxation||17,508,346||159,093,412|
|Other comprehensive income||–||–|
|Net profit for the year||17,508,346||159,093,412|
|Earning per share (EPS)||2.23||20.29|
The Board of Directors in its meeting held on September 21, 2011 approved (i) transfer of Rs. Nil (2010: Rs. 50.00 million) from un-appropriated profit to general reserves; (ii) final cash dividend of Rs. 1.00 per share (June 2010 Rs. 5 per share) amounting to Rs. 7.841 million (2010: Rs. 39.204 million).
Annual General Meeting
The Annual General Meeting of the company will be held on Friday, October 21, 2011 at 10:00 a.m. at the Registered Office, Telecom Foundation Headquarters, 1st Floor, TF Complex 7 Mauve Area, G-9/4, Islamabad.
Closure of Share Transfer Books
The final dividend, if approved by the shareholders, will be paid to those shareholders whose names will appear in the Register of the Members on October 13, 2010. The Share Transfer Books of the Company will be closed from October 13, 2011 to October 21, 2011 (both days inclusive). Transfers received at the Shares Department, Pak Datacom Limited (PAKD) M/s Hassan Farooq Associates (Private) Limited HF House, 7-G, Gulberg II, Mushtaq Ahmed Gormani Road, Lahore Ph (042) 5761661-2 at the close of the business on October 12, 2010 will be treated in time for the purpose of payment of dividend to the transferees.
For more information, contact:
Syed Sajjad Hasan
Pak Datacom Limited
3rd Floor, Umar Plaza, Blue Area
T: +92 51 2872691
F: +92 51 282327