Kot Addu Power Company Limited’s financial results for the year June 30, 2011

Karachi: We have to inform you that the Board of Directors of Kot Addu Power Company Limited (KAPCO) (the Company) in their meeting held on September 05, 2011 at 1.00 p.m. at Lahore recommended the following:

Cash Dividend:

A final Cash Dividend for the year ended June 30, 2011 at Rs. 3.50 per share, that is, 35%. This is in addition to the interim Cash Dividend already paid at Rs. 3.00 per share, that is 65%.

The financial results of the Company are as enclosed herewith.

The Annual General Meeting of the Company will be held on October 24, 2011 at 9.30 a.m. at the Islamabad Serena Hotel, Islamabad.

The above entitlement will be paid to the shareholders whose names appear on the Register of Members on October 14, 2011.

The Share Transfer Books of the Company will be closed from October 15, 2011 to October 24, 2011 (both days inclusive). Transfers received at the office of the Company’s Shares Registrar, THK Associates (Private) Limited, Ground Floor State Life Building No. 3, Dr. Zia-ud-Din Ahmed Road, Karachi at the close of the business on October 14, 2011 will be treated in time for purpose of above entitlement to the transferees.

Kot Addu Power Company Limited

Profit And Loss Account for the Year Ended June 30, 2011

 

2011  2010

(Rupees in thousands)

Sales 74,350,745 85,934,854
Cost of sales  (63,652,527)  (76,010,946)
———-  ———-
Gross profit 10,698,218  9,923,908
Administrative expenses (452,349) (450,701)
Other operating expenses (16,150)  (180,589)
Other operating income  8,381,420 3,773,832
 ———-  ———-
Profit from operations  16,611,139 13,066,450
Finance cost  (8,704,178)  (5,335,919)
———-  ———-
Profit before tax 9,906,961 7,730,531
Taxation  (3,380,288) (2,641,405)
———- ———-
Profit for the year  6,526,673  5,089,126
———- ———-
Earnings per share Rupees  7.41 5.78

 

For more information, contact:
Kot Addu Power Company Limited
Kot Addu Power Complex
Kot Addu, District Muzaffagarh
Punjab, Pakistan.
PABX: +92 66 230 1047-9
Fax: +92 66 230 1025
Email: info@kapco.com.pk
Web: www.kapco.com.pk

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