AKD Capital Limited’s financial results for the year ended 30 June 2011
Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 05 October 2011 at 6.00 p.m. at registered office of the Company recommended the following:
(i) CASH DIVIDEND
A final Cash Dividend for the year ended 30 June 2011 at Rs.1.00 per share i.e.10% to ordinary shareholders except for sponsors, directors, their family members and friends.
(ii) BONUS SHARES NIL
(iii) RIGHT SHARES NIL
(iv) ANY OTHER ENTITLEMENT/CORPORATE ACTION NIL
(v) ANY OTHER PRICE-SENSITIVE INFORMATION
The Financial Results of the Company are as follows:
|Gain/(loss) on re-measurement of investment fair `value through profit or loss||(1,012)||9,576|
|Loss on sale of plant and equipment||–||(361,685)|
|Workers welfare fund||–||(35,900)|
|Profit before taxation||1,126,339||1,759,090|
|Provision for taxation||(237,015)||(729,128)|
|Profit after taxation||889,324||1,029,962|
|EARNING PER SHARE – BASIC AND DILUTED||0.35||0.41|
The Notice of Annual General meeting win be sent to you in due course of time as the company will conduct the AGM on 27 October 2011.
The intimation regarding closure of share transfer book will be sent to you with the notice of AGM.
For more information, contact:
Tanveer Hussain Khan
AKD Capital Limited
416-418, Continental Trade Center,
Block 3, Clifton, Main Clifton Road,
Karachi – Pakistan.
PABX: (92-21) 5302902-06
Fax: (92-21) 5302913