Highnoon Laboratories Limited’s annual audited accounts for the year ended December 31, 2011

Karachi: We are pleased to inform you that the Board of Directors of our Company in the meeting held at 11.00 a.m., on Thursday, March 22, 2012 considered and approved annual audited accounts for the year ended December 31, 2011 and recommended the following:

Cash Dividend

A final Cash Dividend for the year ended December 31, 2011 at the rate of Rs.3 .00 per share that is thirty percent (30%).

The financial results are as follows:

 

Year Ended Year Ended
Dec. 31, 2010 Dec. 31, 2010
Amount in Rupees
Sales – net 2,944,907,488 2,636,538,261
Cost Of Sales 2,030,736,442 1,732,983,015
————- ————-
Gross Profit 914,171,046 903,555,246
Other Operating Income 92,752,280 7,707,501
Distribution, Selling and 568,588,690 540,517,943
Promotional Expenses
Administrative and General
Expenses 195,732,726 161,147,992
Research and Development Expenses 6,727,034 3,716,059
Other Operating Expenses 21,450,726 10,875,591
————- ————-
Total 699,746,896 708,550,084
————- ————-
Result From Operating Activities 214,424,150 195,005,162
B/F 214,424,150 195,005,162
Financial Cost 70,370,861 89,424,804
————- ————-
Profit Before Tax 144,053,289 105,580,358
Taxation 51,672,027 35,236,394
————- ————-
Profit After Tax 92,381,262 70,343,964
————- ————-
Earnings Per Share 5.08 3.87

 

The Annual General Meeting of the Company will be held on April 25, 2012 at 10.00 a.m. at Registered Office, 17.5 Kilometer, Multan Road, Lahore.

The above entitlements will be paid to the shareholders, whose names will appear in the Register of Members prior to the date of close of Register of Transfers i.e. April 23, 2012.

The share transfer books of the Company will remain closed from April 24, 2012 to April 30, 2012 (both days inclusive). Transfers received in the office of Shares Registrar, Corplink (pvt) Ltd., Wings Arcade, 1-K, Commercial Model Town, Lahore, at the close of business on April 23, 2012 will be treated in time for the purpose of above entitlement to the transferees:

In pursuance of listing regulation No. 28(1) of the Exchange you are requested to please accord necessary approval to convene the Annual General Meeting on April 25, 2012 at 10.00 a.m.

For more information, contact:
Khadim Hussain Mirza
Company Secretary
Highnoon Laboratories Limited
17.5 Kilometer, Multan Road,
Lahore – 53700 (Pakistan)
P. O. Box: 3318, Gulberg,
Lahore-54660 (Pakistan)
UAN: 111-000465
Fax: 92-42-37510037
Email: info@highnoon.com.pk
Web: www.highnoon-labs.com

Leave a Reply