Zil Limited’s financial results for the year ended June 30, 2012
Karachi, September 18, 2012 (PPI-OT): We would like to inform you that the Board of Directors of our company in their meeting held on Monday, September 17, 2012, at 3:30 p.m. hours at the registered office 12th Floor, Executive Tower Dolmen City, Marine Drive, Block 4, C1ifioti Karachi, recommended the following:
(i) Cash Dividend:
A final Cash Dividend for the year ended June 30, 2012 at Rs. 3.00 per share i.e. 30%.
(ii) Bonus Shares: Nil
(iii) Right Shares: Nil
(iv) Any Other Entitlement/Corporate Action: Nil
(v) Any Other Price-Sensitive Information: Nil
The Annual General Meeting of the Company will be held at 09:00 a.m. on Tuesday, October 23, 2012 at Royal Rodale TC-V, 34th Street Khayaban-e-Sehar, Phase-V, Ext, D.H.A. Karachi Pakistan.
The above entitlement will be paid to the shareholders whose name will appear in the Register of Members on October 17, 2012.
The Share Transfer Book of the Company will be closed from October 11.2012 to October 23, 2012 (both days inclusive), Transfers received at the registrar office of the company M/s THK Associates (Pvt) Limited, Ground Floor, State Life Building # 3, Dr. Ziauddin Ahmed Road, Karachi 75530 Pakistan, at the close of business on October 16, 2012, will be treated in time for the purpose of above entitlement to the transferees.
The financial results of the company are as follows:
June | June | |
2012 | 2011 | |
(Rs. in ‘000) | ||
| Sales-net | 1,829,255 | 1,566,091 |
| Cost of sales | (1,323,117) | (1,226,184) |
——— | ——— | |
| Gross profit | 506,138 | 339,907 |
| Selling and distribution expenses | (332,027) | (224,017) |
| Administrative expenses | (102,195) | (77,149) |
——— | ——— | |
(434,222) | (307,166) | |
——— | ——— | |
71,916 | 38,741 | |
| Other operating income | 8,361 | 4,440 |
| Other operating expenses | (9,773) | (5,388) |
——— | ——— | |
70,504 | 37,793 | |
| Financial expenses | (23,002) | (4,715) |
——— | ——— | |
| Profit before taxation | 47,502 | 33,078 |
| Taxation | (17,035) | (12,655) |
——— | ——— | |
| Profit for the year | 30,468 | 20,423 |
——— | ——— | |
(Rupees) | ||
| Earning per share | 5.12 | 3.84 |
Appropriations:
The Board of Directors in its meeting held on September 17, 2012, has proposed a Cash Dividend of Rs. 3.00 per share i.e. 30% on the face value of share (2011; Cash dividend of Rs. 2.00 per share i.e. 20% on the face value of share).
The proposed entitlement will be approved in the forthcoming Annual General Meeting. The financial statements for the year ended 30 June 2012 do not include the effect of the proposed dividend which will be accounted for in the financial statements for the year ending June 30, 2013.
For more information, contact:
Zil Limited
12th Floor, Executive Tower,
Dolmen City, Marine Drive,
Block-IV, Clifton, Karachi-Pakistan
Tel: +9221-35297570-77
Fax: +9221-35297585
Website: www.zil.com.pk