Exide Pakistan Limited’s financial results for the Year Ended 31st March, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 15th June, 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 Dividend

A Final Cash dividend for the year ended March 31, 2011 at Rs.6.00 per share i.e. 60%

ii. Bonus Shares

25% Bonus Shares to be issued for the year ended March 31, 2011 i.e. issue 1 share for every 4 shares hel

iii. Right Shares

NIL

i. It has been recommended by the Board of Directors to transfer to the General Reserves an amount of Rs. 233,000,000.00

The Financial results of the Company are as follows:

Rs’000

Rs’000

Rs’000

2011

2010

Total

Battery Chemical Battery Chemical Division 2011 2010
Division Division Division
Sales 7,340,259 371,193 5,947,650 241,485 7,711,452 6,189,135
Cost of Sales 6,352,068 291,562 5,235,024 178,904 6,643,630 5,413,928
——— ——— ——— ——— ——— ———
Gross Profit 988,191 79,631 712,626 62,581 1,067,822 775,207
Operating 462,313 353,985
——— ———
Operating Profit 605,509 421,222
Finance Cost 128,489 78,948
Other Charges 51,888 43,994
Other Income 4,594 5,274
Profit before tax 429,726 303,554
Taxation – Current 154,226 86,035
Deferred (890) 20,232
Profit after tax 276,390 197,287
Un – appropriated Profit 248,927 154,392
Brought Forward
Transfer red to revenue 180,000 80,000
Reserve for the Year Ended Mar 31, 2011/2010
Final Dividend for the year Ended March31, 2011 (60%) 2010 (60%) 33,899 28,250
Transfer from surplus on Revaluation of Fixed Assets 5,498 5,498
——— ———
Un-appropriated Profit 316,916 248,927
Carried Forward
——— ———

Rupees

Earnings per Share 48.92 34.92

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

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