Shezan International Limited’s Financial Results for the Year June 30, 2011
Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Saturday, October 01, 2011 at 11:00 a.m. at Karachi recommended the following:
(1) Cash Dividend
A final Cash Dividend for the year ended June 30, 2011 at Rs. 7.50/- per share i.e. 75%.
(2) Bonus Shares N/A
The financial results of the Company are as follows:
|June 30, 2011||June 30, 2010|
|(Rupees in thousand)|
|Cost of sales||3,130,544||2,591,790|
|Other operating expenses||122,601||90,702|
|Other operating income||(28,798)||(19,448)|
|Share of loss associate||18||16|
|Profit before taxation||210,602||165,219|
|Net profit for the year||140,602||106,745|
|Unrealized loss on re measurement of investment available for sale||271||(427)|
|Total Comprehensive income||140,873||106,318|
|Earnings per share – basic and diluted (Rupees)||23.43||17.79|
The Annual General Meeting of the Company will be held on October 29, 2011 at 11:00 am at Avari Hotel, Lahore.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on October 21, 2011.
The Share Transfer Books of the company will be closed from October, 22, 2011 to October 29, 2011 (both days inclusive) Transfers received at the Registered Office of the Company, i.e. 56-Bund Road, Lahore at the close of business on October 21, 2011 Will be treated in time for the purpose of above entitlement to the transferees.
For more information, contact:
Shezan International Limited
Plot L – 9, Block No, 22
Federal B Industrial Area,
Karachi – 75950- Pakistan
Phones: (92-21) 36349222-23
Fax: (92-21) 36313790