Shezan International Limited’s Financial Results for the Year June 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Saturday, October 01, 2011 at 11:00 a.m. at Karachi recommended the following:

(1) Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 at Rs. 7.50/- per share i.e. 75%.

(2) Bonus Shares         N/A

The financial results of the Company are as follows:

  June 30, 2011 June 30, 2010
  (Rupees in thousand)
Sales 4,221,827 3,528,134
Cost of sales 3,130,544 2,591,790
  ——— ———
Gross profit 1,091,283 936,344
Distribution cost 629,912 580,492
Administrative expenses 116,605 101,413
Other operating expenses 122,601 90,702
Other operating income (28,798) (19,448)
  ——— ———
840,320 753,159  
  ——— ———
Operating profit 250,963 183,185
Finance cost 40,343 17,950
Share of loss associate 18 16
  ——— ———
Profit before taxation 210,602 165,219
Taxation 70,000 58,474
  ——— ———
Net profit for the year 140,602 106,745
Unrealized loss on re measurement of investment available for sale 271 (427)
  ——— ———
Total Comprehensive income 140,873 106,318
  ——— ———
Earnings per share – basic and diluted (Rupees) 23.43 17.79

The Annual General Meeting of the Company will be held on October 29, 2011 at 11:00 am at Avari Hotel, Lahore.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on October 21, 2011.

The Share Transfer Books of the company will be closed from October, 22, 2011 to October 29, 2011 (both days inclusive) Transfers received at the Registered Office of the Company, i.e. 56-Bund Road, Lahore at the close of business on October 21, 2011 Will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Muhammad Khalid
Chief Executive
Shezan International Limited
Plot L – 9, Block No, 22
Federal B Industrial Area,
Karachi – 75950- Pakistan
Phones: (92-21) 36349222-23
Fax: (92-21) 36313790
E-mail: shezan@cyber.net.pk

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