Karachi: We have to inform you that the Board of Directors of the Company in its meeting held on August 17, 2011 at 11.00 A.M. at Karachi approved the audited accounts of the Company for the year ended June 30, 2011. The Directors have recommended a final cash dividend for the year ended June 30, 2011, @ Rs. 2.5 per share, i.e. 25%.
The financial results of the Company are as follows:
|Year Ended||Year Ended|
|30th June 2011||30th June 2010|
|(Rs. in 000)||(Rs. in 000)|
|Cost of sales||6,479,592||5,389,956|
|Other operating expenses||49,394||51,259|
|Other operating income||65,132||49,715|
|Share of Profit from an associated Companies||836||–|
|Profit before taxation||395,358||409,286|
|Profit after taxation||258,600||218,326|
|Other comprehensive income||–||–|
|Other comprehensive income||258,600||218,236|
The above figures do not reflect the recommended dividend of Rs. 2.5 per share for the year ended June 30, 2011, as the Company’s Accounting Policy is to recognize the dividend as liability in the period in which it is approved by the Shareholders.
The Annual General Meeting of the Company will be held at 12.00 a.m. on September 29, 2011, at Institute of Chartered Accountants of Pakistan Auditorium, Clifton, Karachi.
The Share Transfer Books of the Company will be closed from September 20, 2011 to September 29, 2011 (both days inclusive) Transfer received at the Company’s Share Registrar (i.e., Management and Registrar Services (Pvt.) Limited) at Business Executive Centre, F/17/3, Block 8, Clifton, Karachi at the close of Business on September 19, 2011 will be treated in time for the purpose of above entitlement to the transferees.
We shall be sending 200 copies of printed accounts for distribution amongst the members of the Exchange 21 days before the date of AGM.
For more information, contact:
The General Tyre and Rubber Company of Pakistan Limited
H23/2, Landhi Industrial Trading Estate, Landhi, Karachi, Pakistan
Tel: +92 3508 0172 -81
Fax: +92 3508 0171