Karachi: We have to inform you that the Board of Directors of our company in their meeting held on January 5, 2012 at 11.00 a.m. at 17-Abid Majeed Road, Lahore Cantt. Has approved the following:
(i) Cash Dividend
The Board has recommended a final Cash Dividend for the financial year ended September 30, 2011 @ Rs. 9 per share i.e. 90%.
(ii) Bonus Shares NIL
(iii) Right Shares NIL
The financial results of the Company for the year ended September 30, 2011 are as follows:
|Sales tax, SED, FED and others||(1,738,134,475)||(1,005,800,083)|
|Cost of sales||(20,513,820,267)||(16,744,651,160)|
|Administrative expenses||(430,482,211)||(344,195 411)|
|Distribution and marketing expenses||(15,135,294)||(11,956,057)|
|Other operating expenses||(323,690,681)||(212,051,150)|
|Other operating income||66,438,897||58,066,357|
|Profit before taxation||2,179,708,348||1,957,456,955|
|Profit after taxation||1,343,185,766||1,245,983,556|
|Basic earnings per share||24.42||22.89|
The Annual General Meeting of the Company will be held on Tuesday, January 31, 2012 at 1:00 p.m. at Fairways Hall, Royal Palm, Golf and Country Club, 52-Canal Bank Road, Lahore.
The share transfer books of the company will remain closed and no transfer of shares will be accepted for registration from 24 January, 2012 to 31 January, 2012 (both days inclusive). Shares transfers received up to close of business on 23 January, 2012 shall entitle the transferees to the aforesaid cash dividend.
For more information, contact:
JDW Sugar Mills Limited
17-Abid Majeed Road,
Lahore Cant, Lahore.
PABX # 042-36664891-92,