Ghani Value Glass Limited’s financial results for the year ended June 30, 2011
Karachi: We have to inform you that the Board of Directors of Ghani Value Glass Limited (GVGL), in its Meeting held on October 5, 2011 at 12:00 Noon at 50-L, Model Town Ext; Lahore has recommended the following:
(i) Cash Dividend
The Board of Directors has recommended Cash Dividend @ 10 % i.e. Re. 1 per share, to the shareholders of the company except Directors, Sponsors and their family members.
(ii) Bonus Shares
(iii) Any Other Entitlement / Corporate Action
(iv) Any Other Price-Sensitive Information
The Financial Results approved by the Board of Directors of the Company are as follows:
|Cost of sales||304,676,779||318,562,386|
|Other operating income||(8,402,888)||(3,329,530)|
|Other operating expenses||1,826,916||5,332,937|
|Profit before tax||23,096,771||50,557,113|
|Profit after tax||17,686,127||34,170,313|
|Other comprehensive income for the year||–||–|
|Total comprehensive income for the year||17,686,127||34,170,313|
|Earnings per share – basic and diluted||2.35||4.53|
The Annual General Meeting of the Company will be held on October 27, 2011 at Lahore.
The Share transfer books of the Company will remain closed from October 21, 2011 to October 27, 2021 (both days inclusive). Transfer received at the office of Shares Registrar M/s. Corplink (Pvt.) Ltd., Wings Arcade, 1-KCommercial, Model Town, Lahore at the close of business on October 20, 2011 will be treated in time for the purpose of above entitlement to the transferees.
The Shareholders whose names appear in the Register of Members at the close of business on October 20, 2011 will be entitled to above entitlement.
For more information, contact:
Hafiz Mohammad Imran Sabir
Ghani Value Glass Limited
Head Office: 40-L, Model Town Ext,
e- mail: firstname.lastname@example.org