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Attock Refinery Limited’s financial1 results for the year ended June 30, 2013

Be First!

Karachi, August 15, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company, in their meeting held on 14th August, 2013 at 12:00 noon at POL House, Morgah, Rawalpindi recommended the following:

i. Cash Dividend

A Final Cash Dividend for the year ended June 30, 2013 @ Rs. 2.50 per share i.e. 25%. This is in addition to interim dividend already paid at Rs. 2.50 per share i.e. 25%.

ii. Bonus Issue
Nil

iii. Right Shares
Nil

iv. Any Other Price Sensitive Information

The financial results of the Company are enclosed herewith for your information and necessary action please. See Annexure ‘A’.

Book Closure

The Share Transfer Books of the Company will be closed from 19th September, 2013 to 27th September, 2013, (both days inclusive). Transfers received in order at the office of the Share Registrar M/s THK Associates (Pvt.) Limited, Ground Floor, State Life Building No. 3, Dr. Ziauddin Ahmed Road, P.O. Box No. 8533, Karachi-75530 at the close of business on 18th September, 2013 will be treated in time for the purpose of payment of final cash dividend if approved by the Shareholders.

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

                                                   Annexure-A

Profit and Loss Account for the Year Ended June 30, 2013

                                                           2013                    2012
                                                         Rs ‘000                 Rs ‘000

Sales                                                   163,300,532             154,381,558
Cost of sales                                          (160,271,234)           (152,362,204)
                                                        -----------             -----------
Gross profit                                              3,029,298               2,019,354
Administration expenses                                     360,655                 340,013
Distribution cost                                            41,162                  37,615
Finance cost                                                548,555                 994,739
Other charges                                               405,959                 264,533
                                                        -----------             -----------
                                                         (1,356,331)             (1,636,900)
                                                        -----------             -----------
                                                          1,672,967                 382,454
Other income                                              3,082,103               2,388,774
                                                        -----------             -----------
Profit before taxation from refinery operations           4,755,070               2,771,228
Provision for taxation                                   (2,137,508)             (1,625,183)
                                                        -----------             -----------
Profit after taxation from refinery operations            2,617,562               1,146,045
Income from non-refinery operations
less applicable charges and taxation                      1,298,094               1,588,641
                                                        -----------             -----------
Profit for the year                                       3,915,656               2,734,686
Earnings per share-Basic and diluted (Rs)
Refinery operations                                           30.69                   13.44
Non-refinery operations                                       15.22                   18.63
                                                        -----------             -----------
                                                              45.91                   32.07
                                                        -----------             -----------

For more information, contact:
Muhammad Hashim Ali
Senior Executive (Accounts)
Attock Refinery Limited
Refinery P.O. Morgah,
Rawalpindi, Pakistan
Tel: (92-51)5487041-45,
Telex: (92-51)5487254,
E-mail: info@arl.com.pk

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