Skip to Content

Tuesday, September 18th, 2018

Rafhan Maize Products Company Limited’s financial results for the half year and quarter ended June 30, 2011

Be First!

Karachi: We have to inform you that the Board of Directors of our Company in its meeting held on Wednesday, August 3, 2011 at 02:00 p.m. at Sofitel Luxury Hotels, Heathrow Airport, London has recommended the following;

Cash Dividend

An Interim Cash Dividend for the half year and quarter ended June 30, 2011 at Rs.25/- per share i.e. 250%. This dividend is in addition to first Interim Dividend already paid @Rs.35/- per share i.e. 350%.

The financial results of the Company for the half year and quarter ended June 30, 2011 have been considered by the Board of Directors as recommended by the Audit Committee and approved the same. Financial Results are attached at Annexure-1.

The Interim Dividend will be paid to the shareholders whose names appear on the Register of Members on August 25, 2011.

The Shares Transfer Book of the Company will remain closed from August 18 to August 25, 2011 (both days inclusive). Transfers dispatched by August 16, 2011 to our Shares Registrar M/s FAMCO Associates (Pvt.) Ltd., 1st Floor, State Life Building, 1-A, I.I. Chundrigar Road, Karachi-74000 and received during the book closure period will be treated in time for the purpose of payment of Interim Dividend to the transferees.

Financial Results for the Half year and Quarter ended June 30, 2011

 

3 Months ended June 30

6 Months ended June 30

2011

2010

2011

2010

(Rupees in thousands)

Sales – Net 4,795,255 3,575,477 9,529,882 6,604,028
Cost of sales 3,931,075 2,560,980 7,699,558 4,872,942
——— ——— ——— ———
Gross profit 864,180 1,014,497 1,830,324 1,731,086
Distribution cost 36,080 31,838 72,418 64,493
Administrative expenses 62,177 48,648 122,610 101,178
——— ——— ——— ———
98,257 80,486 195,028 165,671
——— ——— ——— ———
Operating profit 765,923 934,011 1,635,296 1,565,415
Other operating income 17,433 13,126 31,642 40,907
——— ——— ——— ———
783,356 947,137 1,666,938 1,606,322
Finance cost 2,104 3,001 8,263 4,618
Other operating expenses 54,541 65,148 114,939 110,520
——— ——— ——— ———
56,645 68,149 123,202 115,138
——— ——— ——— ———
Profit before taxation 726,711 878,988 1,543,736 1,491,184
Taxation 265,000 323,495 559,756 538,631
——— ——— ——— ———
Profit after taxation 461,711 555,493 983,980 952,553
Earnings per share-basic and diluted – (Rupees) 49.99 60.14 106.53 103.13

 

For more information, contact:
Rafhan Maize Products Company Limited
Rakh Canal East Road,
P.O. Box 62,
Faisalabad – 38060,
Pakistan.
Tel: (041) 8540121-23
Fax: (041) 8711016

Previous
Next

Leave a Reply