Pakistan National Shipping Corporation’s financial results for the year ended 30th June 2011

Karachi: i) Cash Dividend

A final Cash Dividend for the year ended 30th June 2011 at Re. 1.00 per share 1.0.10%.

ii) Bonus Shares

Nil

iii) Right Shares

Nil

(iv) Any Other Entitlement/ Corporate action

Nil

v) Any Other Price Sensitive Information

Nil

The financial results of the Corporation arc attached herewith.

The Annual General Meeting of the Corporation will be held at 07:00 p.m. on 20 October 2011 at Navy Welfare Centre, Karachi.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 21st October 2011. The share Transfer Books of the Corporation will be closed from 22nd October 2011 to 29th October 2011 (both days inclusive). Transfers received at the Share Registrar’s of Office, i.e., M/s Technology Trade (Pvt.) Limited, Dagia House 241-C, Block 2, P.E.C.H.S off Share-e-Quaideen, Karachi at the close of business on 2011 October 2011 will be treated in lime for the purpose of the above entitlement to the transferees.

Pakistan National Shipping Corporation and its Subsidiary Companies Consolidated financial results For the year ended June 30, 2011

 

2011

2010

Rupees in 000

Revenues9,293,1697,889,942
Expenditure7,303,2406,431,835
———-———-
Gross Profit1,989,9291,458,107
Administrative and general expenses631,646623,353
Other operating expenses179,346253,206
Finance costs264,43520,912
———-———-
1,075,427897,471
Other operating income485,938888,895
———-———-
Profit Before Taxation1,400,4401,449,531
Taxation393,168481,707
———-———-
Profit After Taxation1,007,272967,824
———-———-

Rupees

Earnings Per Share – Basic7.627.33

 

Pakistan National Shipping Corporation

Financial results

For the year ended June 30, 2011

 

2011

2010

Rupees in 000

Revenues 3,084,361 2,077,947
Expenditure1,945,8341,351,580
———- ———-
Gross profit1,138,527726,367
Administrative and general expenses126,118186,338
Other operating expenses166,967 216,283
Finance costs261,99419,161
———- ———-
555,079421,782
Other operating income317,110834,377
———-———-
Profit Before Taxation900,5581,138,962
Taxation288,157427,429
———-———-
Profit After Taxation612,401711,533
———- ———-

Rupees

Earnings Per Share – Basic4.645.39

 

For more information, contact:
Zainab Suleman
Secretary PNSC
Pakistan National Shipping Corporation
PNSC Building, Moulvi Tamizuddin Khan Road,
P.O. Box No. 5350,
Karachi – 74000,
Pakistan.
Tel: 99203980
Fax: 99203974
Email: communication@pnsc.com.pk
Web: www.pnsc.com.pk