Skip to Content

Pakistan Gum and Chemicals Limited’s financial results for the year ended 31st December 2012

Be First!

Karachi, March 04, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their Meeting held on Monday 4th of March 2013 at 11:00 am at Company premises, B-19/A, Irshad Qadri Road, S.I.T.E. Karachi, recommended the following:

(i) CASH DIVIDED

A final Cash Dividend for the year ended December 31, 2012 at Rs.10/- per share i.e.100%.

(ii) BONUS SHARES        NIL

(iii) RIGHT SHARES       NIL

The financial results of the company are as follows:

2012

2011

(Rupees ‘000)

(Rupees’000)

Net Sales

1,726,433

1,450,778

Cost of Sales

(1,369,564)

(1,192,830)

———

———

Gross Profit

356,869

257,948

Distribution and shipping cost

(18,471)

(18,313)

Administrative expenses

(51,417)

(46,410)

Other operating expenses

(19,792)

(12,147)

Other operating income

13,740

3,213

———

———

(75,940)

(73,657)

———

———

Operating Profit

280,929

184,291

Financial cost

(13,857)

(27,898)

———

———

Profit before taxation

267,072

156,393

Taxation

(23,134)

(28,464)

———

———

Net profit for the year

243,938

127,929

———

———

Earnings per share – Basic (Rs. Per share)

57.42

30.11

The Annual General Meeting of the Company will be held on Thursday the 11th of April 2013 at 11:00 am, at the Council Hall of the Overseas Investors Chamber of Commerce and Industry, Talpur Road, Karachi.

The Share Transfer Books of the company will be closed from 4th April 2013 to 11th April 2013 (both days inclusive). Transfers received at the office of the Registrar of the Company, M/s Evaluation factor (Pvt.) Limited (formerly Corporate Support Services (Pvt.) 407-408, Al-Ameera Center, Shahrah-e-Iraq Saddar Karachi by the close of the business on 3rd April 2013, will be treated in time for the purpose of above entitlement to the transferees.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange 21 days before the date of AGM.

For more information, contact:
Muhammad Ilyas
Company Secretary
Pakistan Gum and Chemicals Limited
Tel: +92-21 3256 1124-26
Fax: +92-21 3256 1320
E-mail; pakchem@cyber.net.pk
Website: www.pakchem.com.pk

Previous
Next

Leave a Reply