Exide Pakistan Limited’s financial results for the 1st quarter ended 30th June, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 29th July, 2011 at 15:00 pm at the Registered Office of the Company at A/44, Hill Street, Off: Manghopir Road, S.I.T.E. Karachi, recommended the following:

 

i)Cash DividendNIL
ii)Bonus SharesNIL
iii)Right SharesNIL

 

Rs’000

Rs’000

Rs’000

2011

2010

Total

BatteryChemicalBatteryChemical20112010
DivisionDivisionDivisionDivision
sales2,726,053115,6462,047,96994,4112,841,6992,142,380
Cost of Sale2,422,72590,0081,849,06371,6512,512,7331,920,714
——————————————————
Gross ProfIt303,32825,638198,90622,760328,966221,666
Operating Expenses120,4062,479113,8781,911122,885115,789
——————————————————
operating Profit182,92223,15985,02820,849206,081105,877
Finance Cost30,92827,725
Other Charges18,7396,995
Other Income137157
——————————————————
Profit before tax156,55171,314
Taxation – Current53,70824,247
        – Deferred--
——————————————————
Profit after tax102,84347,067
Un-appropriated316,916248,927
Profit brought forward

Transferred to revenue

reserve for the year ended March 31, 2011/2010

(233,000)(180,000)
Final Dividend for the

year ended March 31,2011(60%)2010(60%)

(33,899)(33,889)
Transferred to reserve

fo~ Issuance of bonus

shares for the year

ended March 31,

2011/2010

(14,125)-
Transfer from surplus on

revaluatIon of fixed

assets

--
——————
Un-appropriated

profit carried forward

138,73582,095
——————

Rupees

Earnings per share18.208.33

For more information, contact:
S.Haider Mehdi
Company Secretary
Exide Pakistan Limited
A/44, Hill Street, Off: Manghopir Road,
S.I.T.E. Karachi-75700 (Pakistan)
Tel: +9221 2593371-85
Fax: +9221 2561679