Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Tuesday, Aug 16, 2011 at 10:00 a.m. at the Company’s Corporate Office, 4th Floor, 83-A-E/1 Main Boulevard. Gulberg III, Lahore recommended the following:
A final Cash Dividend for the year ended June 30, 2011 @ Rs.15 per share i.e. 150%.This is in addition to interim dividend already paid @ Rs. 32.50 per share i.e. 325%.
The financial results of the Company are as follows:
(Rupees in thousand)
|Cost of Sales||20,431,301||18,217,109|
|Distribution and marketing expenses||540,461||546,976|
|Other Operating income||679,561||450,555|
|Other Operating Expenses||340,340||247,920|
|Profit before taxation||3,914,284||3,336,621|
|Profit after taxation||2,670,736||2,284,498|
|Earnings per share – basic and diluted (Rs.)||72.96||62.41|
The Annual General Meeting of the Company will be held on Thursday Sept 29, 2011 at 4:00 p.m. at the Registered Office of the Company, Sheikhupura Road, Shahdara, Lahore.
The above entitlement, if approved by the shareholders will be paid to the shareholders whose names will appear in the register of the Members on September 19, 2011.
The Share Transfer Books of the Company will be closed from September 20, 2011 to September 29, 2011 (both days inclusive).
For more information, contact:
Mian Muhammad Saleem
Millat Tractors Limited
P.O. Box No. 12023, Sheikhupura Road,
Shahdara, Lahore, Pakistan.