Pakistan Cables Limited’s financial results for the year ended June 30, 2012

Karachi, September 19, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 10:30 a.m. on Wednesday the 19thSeptember 2012 at 101-Beaumont Plaza, 10 Beaumont Road, Karachi has recommended the following:

(i) Cash Dividend

A final Cash Dividend for the year ended June 30, 2012 @ Rs.3.5 per share i.e. 32.5%.

The financial results of the Company are as follows:

Year ended

Year ended

June 30, 2012

June 30, 2011

(Rupees in 000)

Net sales

5,344,571

4,096,391

Cost of sales

(4,656,976)

(3,576,776)

———–

————

Gross profit

687,595

519,615

Selling costs

(189,255)

(161,885)

Administrative expenses

(106,639)

(101,660)

———–

————

(295,894)

(263,545)

———–

————

391,701

256,070

Other operating expenses

(58,993)

(17,127)

Other operating income

15,734

11,730

———–

————

(43,259)

(5,397)

———–

————

348,442

250,673

Finance expenses

(67,704)

(95,932)

Share of profit from associates

8,218

7,941

Impairment loss on investments

(48,000)

(16,000)

———–

————

Profit before income tax

240,956

146,682

———–

————

Taxation

(101,000)

(61,000)

———–

————

Profit for the year

139,956

85,682

———–

————

Earnings per share – basic and diluted

Rs. 4.92

Rs. 3.34

The Annual General Meeting of the Company will be held on Tuesday the 23rd October 2012 at 11:00 am, at the Auditorium, Institute of Chartered Accountants of Pakistan, Chartered Accountants Avenue, Clifton, Karachi.

The above entitlement, if approved by the shareholders, will be paid to the shareholders whose names will appear in the Register of Members on October 23, 2012.

The Share Transfer Books of the Company will be closed from October 10, 2012 to October 23, 2012 (both days inclusive), Transfers received at the office of our share registrar THK Associates (Private) Limited, Ground Floor, State Life Building # 3, Dr. Ziauddin Ahmed Road, Karachi at the close of business on October 09, 2012 will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Kamal A. Chinoy
Chief Executive
Pakistan Cables Limited
P. O. Box No. 5050, B-21 S.I.T.E.,
Karachi-7500, Pakistan
Phones: 32601170-75
Fax: 92-21-32564614
E-mail: info@pakistancables.com
Website: www.pakistancables.com