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Sazgar Engineering Works Limited’s financial results for the year ended June 30, 2012

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Karachi, August 24, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on Friday, August 24, 2012 at 10:00 A.M. at 88 – Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore, recommended the following:

1. Final Cash Dividend

A final Cash Dividend for the year ended June 30, 2012 at Re.1/- per share i.e. 10%. This is in addition to interim Dividend already paid at Re. 1/- per share i.e. 10%.

2. Bonus Shares                                       Nil

3. Right Shares                                       Nil

4. Any Other Entitlement/Corporate Action             Nil

5. Any Other Price – Sensitive Information            Nil

6. Financial Results

The financial results of the company are attached as per annexure –

The Annual General Meeting of the Company will be held on September 29, 2012 at 11:00 A.M. at Four Seasons Banquet Hall, 0.5 KM- Main Raiwind Road, Thokar Niaz Baig, Lahore.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on close of business on 22nd September 2012.

The Share Transfer Books of the Company will be closed from 23rd September 2012 to 29th September 2012 (both days inclusive). Transfers received at the share registrar M/s Corp Tec Associates (Pvt.) Ltd, 7/3 – G, Mushtaq Ahmed Gurmani Road, Gulberg-II, Lahore at the close of business on 22nd September 2012 will be treated in time for the purpose of above entitlement to the transferees.

Annexure-I

Profit and Loss Account for the Year Ended June 30, 2012

2012

2011

Rupees

Rupees

Sales – Net

2,725,640,195

2,542,525,796

Cost of Sales

2,396,243,899

2,269,357,704

————-

————-

Gross Profit

329,396,295

273,168,092

Distribution Cost

57,428,122

55,100,843

Administrative Expenses

54,571,423

44,028,529

Other Operating Expenses

17,776,308

12,702,515

————-

————-

129,775,852

111,831,887

————-

————-

199,620,443

161,336,205

Other Operating Income

7,152,184

1,906,924

————-

————-

206,772,627

163,243,129

Finance Cost

11,737,717

15,479,586

————-

————-

Profit before Taxation

195,034,910

147,763,543

Taxation

68,950,730

56,539,717

————-

————-

Profit after Taxation

126,084,180

91,223,826

————-

————-

Earnings per Share – Basic and Diluted

7.02

5.08

For more information, contact:
Arshad Mahmood
Company Secretary
Sazgar Engineering Works Limited
88-Ali Town, Thokar Niaz Baig,
Raiwind Road, Lahore, Pakistan
Ph: +92-42-35312125-7
Fax: +92-42-353121828
E-mail: Sazgar@brain.net.pk
URL: www.sazgar.com.pk

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