National Refinery Limited’s financial results for the half-year ended Dec 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on January 28, 2012 at 10:30 hours at Hotel Sheraton, Karachi, recommended the following:

(i) Cash Dividend:

An interim Cash Dividend for the half-year ended December 31, 2011 at Rs. — per share i.e. —%.

And/ Or

(ii)  Bonus Shares:

It has been recommended by the Board of Directors to issue Interim Bonus Share in the proportion of — share(s) for every — shares held, i.e. —%.

And/ Or

(iii) Right Shares:

The Board has recommended to issue — % Right Shares at par / at a discount / premium of Rs. — per share in proportion of — shares for every — shares. The entitlement of right shares being declared simultaneously will be / will not be applicable on Bonus Shares as declared above.

And/ Or

(iv) Any Other Entitlement / Corporate Action

And/ Or

(v) Any other Price-sensitive Information

Condensed Interim Profit and Loss Account for the Half Year Ended December 31, 2011 (Unaudited)

 

Quarter ended Half year ended
December 31, December 31, December 31, December 31,
2011 2010 2011 2010
(Rupees in ‘000)
Gross sales 52,890,032 42,185,109 96,684,906 83,453,317
Trade discounts, taxes, duties and levies (8,831,829) (7,846,661) (15,019,040) (15,725,228)
———- ———- ———- ———-
Net sales 44,058,203 34,338,448 81,665,866 67,728,089
Cost of sales (42,639,647) (32,032,752) (78,732,241) (63,109,355)
———- ———- ———- ———-
Gross profit 1,418,556 2,305,696 2,933,625 4,618,734
Distribution and marketing expenses (310,795) (274,867) (513,611)          (514,687)
Administrative expenses (110,573) (95,033) (220,931) (186,631)
Other operating income 746,788 808,697 1,224,539 1,225,662
Other operating expenses (94,799) (181,209) (193,959) (349,001)
———- ———- ———- ———-
Operating profit 1,649,177 2,583,284 3,169,663 4,794,077
Finance cost (400,151) (45,499) (596,089) (109,536)
———- ———- ———- ———-
Profit before taxation 1,249,026 2,517,785 2,573,574 4,684,541
Taxation (492,734) (731,214) (988,974) (1,548,594)
———- ———- ———- ———-
Profit after taxation 756,292 1,786,571 1,684,600 3,135,947
———- ———- ———- ———-
Earnings per share – basic and diluted. Rs. 9.46 Rs. 22.34 Rs.19.82 Rs. 39.22

 

The financial results of the company are enclosed.

The Share Transfer Books of the Company will be closed from —, 2012 to — 2012 (both days inclusive). Transfers received at the office of Company’s Registrar at the address below at the close of business on — will be treated in time for the purpose of above entitlement to the transferees:

Noble Computer Services (Private.) Limited,

1st Floor, House of Habib Building – Siddiqsons Tower,

3-Jinnah Cooperative Housing Society, Main Shahrah-e-Faisal,

Karachi.75350

For more information, Contact
National Refinery Limited
7-B, Korangi Industrial,
Zone, Korangi, P.O. Box: 8228,
Karachi-74900 – Pakistan
PABX: 35064977-79, 35064981-86
UAN: 111-675-675
Fax: 92-21-35054663
Website: www.nrlpak.com

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