Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday 29th August, 2011 at 11.30 a.m. recommended the following :-
1) Final Cash Dividend 40%
A Final Cash Dividend for the year ended 30-06-2011 @ Rs. 4.00 per share
2) Bonus Shares: Nil
3) Right Shares: Nil
The financial results of the Company as follows:-
|Cost of goods sold||287,851,512||244,034,659|
|Other operating Income (Loss)||593,909||652,759|
|Selling and Distribution||8,613,677||6,826,119|
|Worker’s Profit Participation Fund||3,328,259||2,759,468|
|Worker’s Welfare Fund||1,276,616||1,061,653|
|Net Profit before taxation||62,554,205||52,020,997|
|Net Profit after taxation||40,876,087||36,411,592|
|Earnings per share||8.18||7.21|
The Annual General Meeting of the Company will be held on Tuesday 11th October, 2011 at 11.30 a.m. at SITE Association Conference Hall, Aiwan-e-Sanat, H-16, Textile Avenue – Karachi – Karachi.
The Final Dividend if approved by the Shareholders will be paid and sent to the Shareholders whose name appear in the Register of the members on 30/09/2011.
The Share Transfer Books of the Company will remain closed from 01/10/2011 to 11/10/2011 (both days inclusive). Transfer received at the Registered Office of the Company at D/58, SITE, Estate Avenue, Karachi at the close of payment of Dividends to the transferees.
For more information, contact:
Pakistan Paper Products Limited
D/58, S.I.T.E., Karachi,