Exide Pakistan Limited’s financial results for the year ended 31st March, 2012

Karachi, June 25, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on 22nd June, 2012 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, 2012 at Rs. 6.00 per share i.e. 50%.

ii) Bonus Shares Nil

iii) Right Shares Nil

i) It has been recommended by the Board of Directors to transfer to the General Reserves an amount of Rs. 288,000,000.

The Financial results of the Company are as follows:

Rs. 000 Rs. 000 Rs. 000
2012 2011 Total
Battery Chemical Battery Chemical Division 2012 2011
Division Division Division
Sales

9,124,169

341,555

7,340,259

371,193

9,465,724

7,711,452

———

——-

———

——-

———

———

Cost of sales

7,909,575

281,905

6,352,068

291,562

8,191,480

6,643,630

———

——-

———

——-

———

———

Gross Profit

1,214,594

59,650

988,191

79,631

1,274,244

1,067,822

———

——-

———

——-

———

———

Operating expenses

535,882

462,313

———

———

Operating Profit

738,362

605,509

———

———

Finance Cost

157,099

128,489

———

———

Other Income

15,733

4,594

———

———

Profit before tax

500,926

429,726

———

———

Taxation – Current

171,166

154,226

———

———

- Deferred

9,615

(890)

———

———

Profit after tax

320,145

276,390

———

———

Un-appropriated Profit
brought forward

316,916

248,927

———

———

Transferred to revenue
reserve the year ended
Mar 31, 2012/2011

233,000

180,000

———

———

Final Dividend for the year
Ended March
31, 2012 (60%) 2011 (60%)

33,899

33,899

———

———

Transferred to reserve for
Issue of bonus shares

14,125

-

———

———

Transfer from surplus on
revaluation of fixed assets

9,990

5,498

———

———

Un-appropriated Profit
carried forward

366,027

316,916

———

———

Rupees

Earnings per share

45.33

39.14 Restated)

The Annual General Meeting of the Company will be held on Wednesday July 25, 2012 at 10:30 hours at Registered Office of the Company at A-44, Hill Street Manghopir Road, S.I.T.E., Karachi.

The Share Transfer Books of the Company will be closed from July 18th 2012 to July 25, 2012 (both days inclusive). Transfers received at the office of our Registrar M/s. THK Associates (Pvt) Ltd. Ground Floor State Life Building No. 3, Dr. Ziauddin Ahmed Road, Karachi at the close of business on 18th July, 2012 will be treated in time for the purpose of above entitlement of divided to the transferees.

For more information, Contact:
S. Haider Mehdi
Company Secretary
EXIDE Pakistan Limited
A-44, A-45, Hill Street,
Off: Manghopir Road, S.I.T.E.,
Karachi-75700 (Pakistan).
Tel: 32593371-85, 32593181-85, 32578061-64
Fax: 32561679, 32573575

Leave a Reply