Attock Refinery Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company, in their meeting held on 11th September, 2011, recommended the following:

i. Cash Dividend

A Final Cash Dividend for the year ended June 30, 2011 @ Rs. 2.00 per share i.e. 20%.

ii. Bonus Issue

Issue Bonus Shares in the proportion of NIL share for every NIL shares held i.e. NIL%.

iii. Right Shares

Issue NIL % Right Shares at par/at a discount/premium of Rs. NIL per share in proportion of NIL shares for every Nil shares. The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

iv. Any Other Price Sensitive Information

The financial results of the Company is enclosed herewith for your information and necessary action please. See Annexure ‘A’.


Annexure – A

Attock Refinery Limited
Profit and Loss Account
For the Year Ended June 30, 2011



Rs ‘000

Rs ‘000

Sales 116,388,370 88,164,026
Reimbursement due from the Government
under import parity pricing formula  9,004  -
  ———– ———–
116,397,374  88,184,026
Less: Cost of sales (114,839,853)  (88,693,686)
———– ———–
Gross Profit/ (Loss) 1,557,521 (509,660)
Less: Administration expenses 262,630  245,291
Distribution cost 28,337 24,834
Finance cast 45,408 308,797
Other charges 294,457 76,745
 ———– ———–
 (630,832) (655,667)
 ———–  ———–
926,689 (1,165,327)
Other income 1,565,590 983,335
 ———–  ———–
Profit / (Loss) before taxation from refinery operations 2,492,279 (181,992)
Provision for taxation (1,375,123) (293,822)
 ———–  ———–
Profit / (Loss) after taxation from refinery operations 1,117,156  (475,814)
Income from non-refinery operations
less applicable charges and taxation  1,068,390 602,203
 ———– ———–
Profit for the Year 2,185,546 126,389
 ———– ———–
Earnings / (loss) per share – Basic and diluted (Rs)
Refinery operations 13.10  (5.58)
Non-refinery operations 12.53 7.06
  ———– ———–
25.63 1.48



The Annual General Meeting, Entitlement and Book Closure

The Annual General Meeting of the company will be held on Tuesday, 18th October, 2011 at the Registered Office of the Company, Morgah, Rawalpindi.

The Share Transfer Books of the Company will be closed from 11th October, 2011 to 17th October, 2011, (both days inclusive). Transfers received in order at the office of the Share Registrar Noble Computer Services (Pvt.) Limited, 1st Floor, Rouse of Habib Building (Siddiqsons Tower), 3-Jinnab Co-operative Housing Society, Main Shahrah-e-Faisal, Karachi-75350 at the close of business on 10th October, 2011 will be treated in time for the purpose of payment of final dividend.

For more information, contact:
Muhammad Hashim ali
Senior Executive (Accounts)
Attock Refinery Limited
Refinery P.O. Morgah, Rawalpindi,
Tele: (92-5l) 5487041 – 45,
Telefax: (92-51) 5487234,