Karachi: We have to inform you that the Board of Directors of our Company, in their meeting held on 11th September, 2011, recommended the following:
i. Cash Dividend
A Final Cash Dividend for the year ended June 30, 2011 @ Rs. 2.00 per share i.e. 20%.
ii. Bonus Issue
Issue Bonus Shares in the proportion of NIL share for every NIL shares held i.e. NIL%.
iii. Right Shares
Issue NIL % Right Shares at par/at a discount/premium of Rs. NIL per share in proportion of NIL shares for every Nil shares. The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.
iv. Any Other Price Sensitive Information
The financial results of the Company is enclosed herewith for your information and necessary action please. See Annexure ‘A’.
Annexure – A
|Attock Refinery Limited|
|Profit and Loss Account|
|For the Year Ended June 30, 2011|
|Reimbursement due from the Government|
|under import parity pricing formula||9,004||–|
|Less: Cost of sales||(114,839,853)||(88,693,686)|
|Gross Profit/ (Loss)||1,557,521||(509,660)|
|Less: Administration expenses||262,630||245,291|
|Profit / (Loss) before taxation from refinery operations||2,492,279||(181,992)|
|Provision for taxation||(1,375,123)||(293,822)|
|Profit / (Loss) after taxation from refinery operations||1,117,156||(475,814)|
|Income from non-refinery operations|
|less applicable charges and taxation||1,068,390||602,203|
|Profit for the Year||2,185,546||126,389|
|Earnings / (loss) per share – Basic and diluted (Rs)|
The Annual General Meeting, Entitlement and Book Closure
The Annual General Meeting of the company will be held on Tuesday, 18th October, 2011 at the Registered Office of the Company, Morgah, Rawalpindi.
The Share Transfer Books of the Company will be closed from 11th October, 2011 to 17th October, 2011, (both days inclusive). Transfers received in order at the office of the Share Registrar Noble Computer Services (Pvt.) Limited, 1st Floor, Rouse of Habib Building (Siddiqsons Tower), 3-Jinnab Co-operative Housing Society, Main Shahrah-e-Faisal, Karachi-75350 at the close of business on 10th October, 2011 will be treated in time for the purpose of payment of final dividend.
For more information, contact:
Muhammad Hashim ali
Senior Executive (Accounts)
Attock Refinery Limited
Refinery P.O. Morgah, Rawalpindi,
Tele: (92-5l) 5487041 – 45,
Telefax: (92-51) 5487234,