D.G. Khan Cement Company Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of D.G. Khan Cement Company Limited (DGKC) in their meeting held on September 07, 2011 (Wednesday), at 11:30 an. at Lahore, recommended the followings:

i) Cash Dividend                              – Nil

And/ Or

ii) Bonus Issue                               – Nil

And/ Or

iii) Right Shares                             – Nil

And/ Or

iv) Any Other Entitlement/Corporate Action,   – Nil

And/ Or

v) Any Other Price Sensitive Information      – Nil

And/ Or

The separate profit and loss account of the Company are as follows: -

 

30 June 201130 June 2010

(Rupees in Thousand)

Sales – Net 18,577,19816,275,354
Cost of Sales(14,192,229)(13,569,994)
 ———- ———-
Gross Profit 4,384,9692,705,360
Administrative Expenses (211,362) (172,436)
Selling and Distribution Expenses (2,470,599) (994,418)
Other Operating Expenses (37,964)(189,015)
Other Operating Income1,106,662911,672
Impairment on Investment (118,836) -
  ———- ———-
Profit from Operations 2,652,8702,261,163
Finance Cost (2,051,678) (1,902,760)
 ———- ———-
Profit before Tax601,192358,403
Taxation (430,231)(125,381)
 ———-  ———-
Profit for the Year170,961233,022
———-———-
(Restated)
Earnings per Share – Basic and Diluted (Rupees)0.450.70

 

 

The consolidated profit and loss account of the Company are as follows: -

 

30 June 201130 June 2010

(Rupees in Thousand)

Sales – Net19,451,35916,973,236
Cost of Sales(14,797,866)(13,928,614)
 ———- ———-
Gross Profit 4,653,4943,044,622
Administrative Expenses(216,927) (176,497)
Selling and Distribution Expenses (2,484,622) (1,005,271)
Other Operating Expenses (50,303) (204,791)
Other Operating Income1,061,199875,085
Impairment on Investment (118,836) -
 ———-———-
Profit from Operations2,844,0052,533,148
Finance Cost(2,162,145)(2,022,399)
 ———- ———-
Profit before Tax681,860510,749
Taxation (484,698)(199,973)
 ———-———-
Profit for the Year197,161310,776
 ———-———-
Attributable to:
Equity holders of the parent184,060271,902
Non-controlling Interest 13,10138,874
 ———-———-
197,161310,776
 ———- ———-
Combined Earnings per Share  (Restated)
———-———-
Basic and Diluted (Rupees)0.43  0.71

 

 

Book Closure Notice:

The Share Transfer Books of the Company will remain closed for attending of Annual General Meeting, from 24-10-2011 to 31-10-2011 (both days inclusive). Physical transfers / CDS Transactions IDs received in order at Registered Office, Nishat House, 53-A, Lawrence Road, Lahore, up to 1:00 p.m. on 22-10-2011 will be considered in time.

Annual General Meeting:

The Annual General Meeting of the Company will be held on October 31, 2011 (Monday) at 03:30 P.M. at Nishat House, 53-A Lawrence Road, Lahore

The notice of Annual General Meeting of the Shareholders is also enclosed for record and circulation.

Notice of Annual General Meeting

Notice is hereby given that Annual General Meeting of the Shareholders of D.G. Khan Cement Company Limited (“the Company”) will he held on October, 31, 2011 (Monday) at 03:30 p.m. at Registered Office, Nishat House, 53-A, Lawrence Road, Lahore 10 transact the following ordinary business:

1. To receive and adopt the Audited Separate Financial Statements and Consolidated Financial Statements of the Company for the year ended June 30, 201 1 together with the Directors’ and Auditors’ reports thereon.

2. To appoint statutory Auditors for the year ending June 30, 2012 and fix their remuneration.

Notes

1. Book Closure Notice:

The Share Transfer Books, of the Company will remain closed for attending of Annual General Meeting from 24-10-2011 to 31-10-2011 (both days inclusive). Physical transfers / CDS Transactions IDs received in order at Registered Office, Nishat House, 53-A, Lawrence Road, Lahore, up to 1:00 p.m. on 22-10-2011 will be considered in time-

2. A member eligible to attend and vote at this meeting may appoint another member his / her proxy to attend and vote instead of him/her. Proxies in order to be effective must reach the Company’s Registered office not less than 48 hours before the time for holding the meeting. Proxies of the Members through CDC shall be accompanied with attested copies of their CNIC. In case of corporate entity, the Board’s Resolution/power of attorney with specimen signature shall be furnished along with proxy form to the Company. The shareholder through CDC are requested to bring original CNIC, Account Number and Participant Account Number to produce at the time of attending the meeting.

3. Shareholders are requested to immediately notify the change in address, if any.

4. Members who have not yet submitted photocopies of their CNIC to the Company are requested to send them at the earliest.

 

For more information, contact:
D.G. Khan Cement Company Limited
Nishat House, 53-A,
Lawrence Road,
Lahore – Pakistan.
UAN: (92-42) 111 113 333
Tel: (92-42) 36367812.
Fax: (92-42) 36367414
E-mail: info@dgcement.com