Burshane LPG (Pakistan) Limited’s financial results for the year ended June 30, 2011

Karachi: We hove to inform you that the Board of Directors of our company in their meeting held on September 15, 2011 at 2:30 pm. At Hashoo Group Office, Clifton, Karachi recommended the following:

Cash Dividend

A Final Cash Dividend for the year ended June 30, 2011 at Re. 1.00/- per share i.e. 10%.

Financial Results

The financial result of the Company are as follows:

 

Profit and Loss account

for the Year Ended June 30, 2011

20112010

(Rupees in ’000’)

Gross Sales1,724,2491,422,209
Sales Tax (252,364) (196,515)
 ——————
Net Sales1,471,885 1,225,694
Cost of Product Sold(1,366,763)(1,148,089)
——————
Gross Profit105,12277,605
Administrative Expenses(59,758)(82,704)
Distribution and Marketing Expenses(53,116) (58,271)
Other Operating Income112,227185,252
Other Operating Expenses(20,655) (27,199)
——————
Operating Profit83,820 94,683
Finance Costs(3,924)(11,786)
——— ———
Profit before Taxation79,89682,897
Taxation (29,792)(32,567)
——— ———
Profit for the Year50,10450,330
Other Comprehensive Income for the Year - -
Total Comprehensive Income for the Year50,10450,330
 ——— ———
Earnings per Share- Basic and Diluted2.212.22

 

The Annual General Meeting of the Company will be held on October 25, 2011 at 10:30 a.m. at Pearl Continental Hotels, Karachi.

The Share Transfer Books of the Company will be closed from October 19, 2011 to October 25, 2011 (both days inclusive). Transfers received at the THK Associates (Private) Limited, 2nd Floor, State Life Building # 3, Dr. Ziauddin Ahmed Road, Karachi # 75530 at the close of business on October 18, 2011 will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Oan Hussain Ali
CFO and Company Secretary
Burshane LPG (Pakistan) Limited
(formerly Shell Gas LPG Pakistan Limited)
Adjacent to Pakistan Refinery Limited
Korangi Creek
Karachi: 7 5190
Tel + 92 (21) 3512 2861- 3
Fax + 92 (21)3512 2864