Huffaz Seamless Pipe Industries Limited’s financial for the year ended June 30, 2011
Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Sunday 09-10 2011 at 1600 hrs at Registered, office 207-210, Mashriq Centre Block – 14, Gulshan-e-Iqbal Karachi, recommended the followings.
(i) Cash Dividend
A Final Cash Dividend for year ended June 30, 2011 at Rs. NIL % per share i.e. %. This is in addition to interim Dividend(s) already paid at Rs.1-5%-per share i.e. 15%.
(ii) BONUS SHARES
It has been recommended by the Board of Directors to issue Bonus shares in the proportion at NIL share(s) for every NIL share(s) held i.eN1L%. This is in addition to the Interim Bonus shares already issued @-NIL%.
(iii) RIGHT SHARES
The Board has recommended to issue -NIL % Right shares at par/at a discount / premium of Rs – NIL – per share in proportion of – NIL – share(s) for every – NIL – share (s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus shares as declared above.
(iv) ANY OTHER ENTITLEMENT /CORPORATE ACTION NIL
(v) ANY OTHER PRICE-SENSITIVE INFORMATION NIL
The Financial results of the Company are as follows:
Huffaz Seamless Pipe industries Limited
Profit and Loss Account
For the year ended 30 June 2011
(Rupees in `000)
|Cost of sales||26||(1,368,619)||(976,326)|
|Selling and distribution cost||27||(16,159)||(4,062)|
|Other operating charges||30||(6,214)||(14,551)|
|Other operating income||31||24,717||1,666|
|(Loss) / Profit before taxation||(38,466)||211,153|
|(Loss) / Profit after taxation||(18,500)||129,276|
|(Loss) / earning per share – basic and diluted||33||(0.33)||2.33|
The Annual General Meeting of the Company will be held on 31-10-2011 at 1630 hrs at CIVIC LAWN (A) Block-17 Gulshan-e-Iqbal opp. Mushriq Centre Karachi.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 31-10-2011.
The share transfer Books of the company will remain closed from 21-10-2011 to 31-10-2011 (both days inclusive). Transfer received at the Company’s Registrar office M/s Gangjees Registrar Services (Pvt) Ltd. 516 Clifton Centre Khayahan-e-Roomi Block-5, Clifton Karachi, at the close of Business 20-10-2011 will be treated in time for the purpose of above entitlement to the transferees.
For more information, contact:
Syed Zakir Ali
Huffaz Seamless Pipe Industries Limited
207-210, 2nd Floor, Mashriq Centre,
Gulshan-e-Iqbal, Block – 14,
Karachi – 75300,
Fax: 92-21 34146219