Indus Motor Company Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of’ our Company in their meeting held on Wednesday, August 24, 2011 at 10:00 a.m. at our Registered office / Factory, Indus Motor Company Limited (INDU) (Port Qasim), Karachi, recommended the following:

Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 at Rs. 10/- per share i.e. 100%. This is in addition to Interim Dividend already paid at Rs, 5/- per share i.e. 50%.

Profit and Loss Account

For the Year Ended June 30, 2011

 

2011

2010

(Rupees in ‘000)

Net sales61,702,67760,093,139
Cost of sales57,613,54255,236,625
 ———- ———-
Gross Profit 4,089,1354,856,514
Distribution expenses690,130468,496
Administrative expenses462,517381,575
———-———-
1,152,647850,071
———-———-
2,936,4884,006,443
Other operating expenses355,796416,106
———-———-
2,580,6923,590,337
Other operating income1,507,8781,796,075
———-———-
4,088,5705,386,412
Finance costs77,115143,873
———-———-
Profit before taxation4,011,4555,242,539
Taxation1,268,0711,799,136
 ———-———-
Profit after taxation 2,743,3843,443,403
———-———-
(Rupees)
Earnings per share34.9043.81

 

 

The Annual General Meeting (AGM) or the Company will he held cm Friday, September 30, 2011 al. 9:00 a.m. at Pearl Continental Hotel, Karachi

The ahove entitlement will he paid to the shareholders whose names will appear in the Register of the members on September 22, 2011.

The Share Transfer Books of the Company will be closed from September 23, 2011 to September 30, 2011 (both days inclusive). Transfers received at the Company’s Share Registrar at “M/s. Noble Computer Services (Private) Limited, Shares Department, First Floor, House of Habib Building (Siddiqsons Tower), 3-Jinnah Cooperative Housing Society, Main Shahrah-e-Faisal, Karachi-75350 (Tel:  34325482-87)” at the close of business on September 22, 2011, will be treated iii time for the purpose of above entitlement to the transferees.

 

For more information, contact:
Mustafa Hasan Lakbani
Company Secretary
Indus Motor Company Limited
Plot No. N.W.Z/1/P-1, Port Qasim Authority,
Karachi.
Tel: (021) 34720041-48
Fax: (92-21) 34720038