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Board Meetings

Pakistan International Container Terminal Limited’s results of the board meeting of PICT Held on Monday, August 29, 2011

Karachi: We have to inform you that the meeting of Board of Directors started at 12:00 noon on Monday, August 29, 2011, Board of Directors recommended the following:

1) Cash Dividend:  Ordinary:  Cash Dividend @40% (i.e., Rs. 4/- per share)

Preference: Cash Dividend @ 10% (i.e., Re. 1/- per share)

2) Bonus Shares:                               Nil

3) Right Shares:                               Nil

4) Any Other Entitlement/Corporate Action:     Nil

5) Any Other Price-Sensitive Information:      Nil

Annual General meeting:

The 10th Annual General Meeting of the Company will be held on Monday, October 03, 2011 at 11:00 am at Beach Luxury Hotel, Karachi, subject to the approval of the Karachi Stock Exchange.

Book Closure

The Share Transfer Books of the Company will be closed from September 26, 2011 to October 03, 2011 (both days inclusive)

Entitlement

Physical transfer and deposit requests under Central Depository System received at the close of business on September 25, 2011by the Company’s Registrar i.e., M/s Technology Trade (Pvt.) Limited, Dagia House, 241 – C, Block 2, PECHS, Karachi will be treated as being in time for the purpose of entitlement.

The financial results of the Company as of June 30, 2011 are as follows:

Consolidated Financial Statements – Annexure “A”

Standalone Financial Statements – Annexure “B”

Annexure “A”

Condensed Interim Consolidated Profit and Loss Account for the Year Ended June 30, 2011

 

2011  2010

Rs. In thousands

Turnover net  6,123,776 5,125,117
Terminal operating costs 3,524,660 2,942,067
——— ———
Gross Profit 2,599,116  2,183,050
Administrative expenses  471,251 359,351
Other operating income  228,750 96,807
——— ———
2,356,615 1,920,506
Finance costs 158,319 185,857
Other Charges  62,142 223,872
——— ———
Profit before Taxation  2,136,154 1,510,777
Taxation  874,131 613,147
——— ———
Profit after Taxation 1,262,023 897,630
——— ———

(Restated)

Earnings per Ordinary Share – Basic (Rupee)  11.40  8.06
——— ———

(Restated)

Earnings per Ordinary Share – Diluted (Rupee)  9.93 7.06
——— ———
Turnover – net 6,123,776 5,125,117
Terminal operating costs 3,524,660  2,942,067
——— ———
Gross profit 2,599,116 2,183,050
Administrative expenses  471,075 349,168
Other operating income 221,083 96,807
——— ———
2,349,124 1,930,689
Finance Costs 158,319 185,857
Other charges 61,992 223,872
——— ———
Profit before taxation 2,128,813 7,520,960
Taxation 874,956 613,147
——— ———
Profit after taxation 1,253,857 907,813
——— ———

(Restated)

Earnings per ordinary share – Basic (Rupee) 11.32 8.15
——— ———

(Restated)

Earnings per ordinary share – Diluted (Rupee)  9.86  7.14

 

For more information, contact:
Pakistan International Container Terminal Limited
2nd Floor, Business Plaza
Mumtaz Hassan Road,
Karachi-74000, Pakistan
Tel: (+9221) 32400450-3,
Fax: (+9221) 32400281

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