Karachi: We have to inform you that the Board of Directors of our Company in their meeting held today the 29th December, 2011 has recommended the following:
A Final Cash Dividend for the Financial Year ended 30.09.2011 @ Rs 12.50 per share i.e. 125%
|The financial results of the Company are as follows:||2011||2010|
|(Rupees in thousands)|
|Sales – net||4,459,414||3,654,162|
|Cost of sales||3,828,790||3,561,729|
|Other operating expenses||48,888||9,916|
|Other operating income||(52,321)||(28,401)|
|Operating profit / (loss)||502,652||(2,344)|
|Share of profit in associates – net||36,791||18,621|
|Profit / (loss) before taxation||456,511||(44,779)|
|Profit/ (loss) for the year||358,747||(69,259)|
|Earnings per share – basic (Rupees per share)||29.87||(5.77)|
A sum of Rs. 150 million is transferred to General Reserve.
The Annual General Meeting of the Company will be held at 11:30 A.M. on Monday the 30th January 2012 at Jasmine Hall, Beach Luxury Hotel, M .T. Khan Road, Karachi.
The Share Transfer Books of the Company will remain closed from Monday the 23rd January, 2012 to Saturday the 4th February, 2011 (both days inclusive). Transfer received at Company Share Registrar M/s. Corporate Support Services (Pvt) Ltd, 407-408. Al-Ameera Centre, Shahrah-e-Iraq, Saddar, Karachi at the close of business on 21st January, 2012 will be treated in time.
For more information, contact:
Jamil Ahmed Butt
Shahtaj Sugar Mills Limited
19, Dockyard Road, West Wharf,
P.O. Box No. 4766, Karachi – 74000 (Pakistan)
Phones: (92-21) 32313934-368, 32312834, 32310973
Fax: (92-21) 32310623, 32205723