National Refinery Limited’s financial results for the year ended June 30, 2011
Karachi: We have to inform you that the Board of Directors of our Company in their 165th meeting held on September 10, 2011 at Damascus, Syria; recommended the following:
A final Cash Dividend for the year ended June 30, 2011 @ Rs. 25 per share i.e. 250 %.
It has been recommended by the Board of Directors to issue Bonus Share in the proportion of Nil share(s) for every Nil shares held, i.e. Nil %.
The Board has recommended to issue Nil % Right Shares at par / at a discount / premium of Rs. Nil per share in proportion of Nil shares for every Nil shares. The entitlement of right shares being declared simultaneously will be / will not be applicable on Bonus Shares as declared above.
Profit and Loss Account for the Year Ended June 30, 2011
(Rupees in thousand)
|Trade discounts, taxes, duties and levies||(29,499,956)||(26,264,611)|
|Cost of sales||(138,551,416)||(103,853,566)|
|Distribution and marketing expenses||(1,135,999)||(996,099)|
|Other operating income||2,497,574||1,278,104|
|Other operating expenses||(768,578)||(409,659)|
|Profit before taxation||10,028,610||5,135,622|
|Profit after taxation||6,568,533||3,284,814|
|Earnings per share||82.14||41.08|
The financial result of the company is enclosed herewith for your information and necessary action please.
The Annual General Meeting of the Company will be held on October 20, 2011 at _____ hours at Carlton Hotel, Karachi.
The Share Transfer Books of the Company shall remain closed from October 11, 2011to October 20, 2011 (both days inclusive). Transfers received at the office of Company’s Registrar at the address below at the close of business on October 10, 2011 will be treated in time for the purpose of payment of entitlement to the transferees:
For more information, contact:
Shaikh Ather Ahmed
National Refinery Limited
7-B, Korangi Industrial Zone,
Korangi, P.O. Box: 8228,
Karachi – 74900 – Pakistan
Telephone and Fax: 35061544