National Refinery Limited’s financial results for the half-year ended December 31, 2012

Karachi, January 28, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on January 26, 2013 at 1130 hours at Hotel Sheraton, Karachi recommended the following:

(i) Cash Dividend:

An interim Cash Dividend for the half-year ended December 31, 2012 at Rs. Nil per Share i.e. Ni %.

AND/OR

(ii) Bonus Shares:

It has been recommended by the Board of Directors to issue Interim Bonus Share in the proportion of Nil share (s) for every Nil shares held, i.e. Nil %.

AND/ OR

(iii) Right Shares:

The Board has recommended to issue Nil % Right Shares at par/ at a discount/ premium of Rs. Nil per share in proportion of Nil shares for every Nil shares. The entitlement of right shares being declared simultaneously will be/ will not be applicable on Bonus Shares as declared above.

AND/OR

(iv) Any Other Entitlement/ Corporate Action

AND / OR

(v) Any other Price-sensitive Information

Condensed Interim Profit and Loss Account for the Half Year Ended December 31, 2012 (Unaudited).

Quarter ended

Half year ended

December 31,

December 31,

December 31,

December 31,

2012

2011

2012

2011

(Rupees in thousands)

Gross sales

49,463,604

52,890,032

102,882,146

96,684,906

Trade discounts taxes, duties and levies

(8,203,143)

(8,831,829)

(17,586,001)

(15,019,040)

———-

———-

———–

———-

Net sales

41,260,461

44,058,203

85,296,145

81,665,866

Cost of sales

(40,013,372)

(42,639,647)

(82,449,186)

(78,732,241)

———-

———-

———–

———-

Gross profit

1,247,089

1,418,556

2,846,959

2,933,625

Distribution and marketing expenses

(236,052)

(310,795)

(514,566)

(573,611)

Administrative expenses

(128,533)

(110,573)

(245,502)

(220,931)

Other operating income

806,149

746,788

1,119,150

1,224,539

Other operating expensive

(94,925)

(94,799)

(190,848)

(193,969)

———-

———-

———–

———-

Operating profit

1,593,728

1,649,177

3,015,193

3,169,663

Finance cost

(350,739)

(400,151)

(499,248)

(596,089)

———-

———-

———–

———-

Profit before taxation

1,242,989

1,249,026

2,515,945

2,573,574

Taxation

(478,455)

(492,734)

(949,019)

(988,974)

———-

———-

———–

———-

Profit after taxation

764,534

756,292

1,566,926

1,584,600

Other comprehensive income

-

-

-

-

———-

———-

———–

———-

Total comprehensive income

764,534

756,292

1,566,926

1,584,600

———-

———-

———–

———-

Earnings per share – basic
and diluted (in Rupees)

9.56

9.46

19.59

19.82

The financial results of the company are enclosed.

The Share Transfer Books of the Company will be closed from – 2013 to – 2013 (both days inclusive) Transfers received at the office of Company’s Registrar at the address below at the close of business on – will be treated in time for the purpose of above entitlement to the transferees:

Noble Computer Services (Private.) Limited,

1st Floor, House of Habib Building – Siddiqsons Tower,

3-Jinnah Cooperative Housing Society, Main Shahrah-e-Faisal,

Karachi.75350

For more information, contact:
National Refinery Limited
7-B, Korangi Industrial,
Zone, Korangi, P.O. Box: 8228,
Karachi-74900 – Pakistan
PABX: 35064977-79, 35064981-86
UAN: 111-675-675
Fax: 92-21-35054663
Website: www.nrlpak.com

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