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Linde Pakistan Limited’s financial results for the year ended 31 December 2012

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Karachi, February 27, 2013 (PPI-OT): We are pleased to inform you that the Board of Directors of our Company in their meeting held in Karachi on Wednesday, 27 February 2013 at 9:30 a.m. have recommended the following:

CASH DIVIDEND

A final Cash Dividend for the year ended 31 December 2012 at Rs.5.00 per share i.e. 50 %. This is in addition to the interim Dividend already paid at Rs.2.00 per share i.e. 20%.

The financial results of the Company are as follows:

Year ended 31 December

2012

2011

(Rupees in thousand)

Sales (Net)

3,739,405

3,044,800

Cost of Sales

(2,785,235)

(2,275,591)

———

———

Gross Profit

954,170

769,209

Distribution and marketing expenses

(231,066)

(211,490)

Administrative expenses

(193,676)

(171,376)

Other operating expenses

(33,811)

(40,554)

Other operating income

68,635

58,850

———

———

Operating profit before reorganization/ restructuring cost C/ F

564,252

404,639

Reorganization/Restructuring cost

(204,572)

———

———

Operating profit after reorganization/restructuring cost

359,680

404,639

Finance costs

(44,266)

(1,916)

———

———

Profit before taxation

315,414

402,123

Taxation

(39,125)

(139,848)

———

———

Profit for the year

276,289

262,875

———

———

Earnings per share – basic and diluted

Rs 11.03

Rs 10.50

———

———

TRANSFER TO GENERAL RESERVE

95,693

79,554

The Annual General Meeting (AGM) of the Company will be held on Thursday, 25 April 2013 at 9.30 am at the Company’s Registered Office, West Wharf, Dockyard Road, Karachi.

The payment of Final Dividend, if approved by the shareholders, will be made to the shareholders whose names will appear in the Register of the Members at the close of business on 11 April 2013.

The Share Transfer Books of the Company will be closed from 12 April to 25 April 2013 (both days inclusive).Transfers received at the Company’s Share Registrar, M/s Central Depository Company of Pakistan Limited, Shares Registrar Department, CDC House, 99-B, Block-B, SMCHS Main Shahra-e-Faisal, Karachi-74400 at the close of business on 11 April 2013 will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
M Ashraf Bawany
Deputy Managing Director
Linde Pakistan Limited
(Formerly BOC Pakistan Limited)
P.O. Box: 4845, Dockyard Road,
West Wharf, Karachi – 74000
Ph: +92 21 3231 3361-9
Fax: +92 21 3231 6968 and 3231 1809
Web: www.linde.com

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