Pakistan Paper Products Limited’s financial results for the year ended 30-06-2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday 29th August, 2011 at 11.30 a.m. recommended the following :-

1) Final Cash Dividend 40%

A  Final Cash Dividend for the year ended 30-06-2011 @ Rs. 4.00 per share

2) Bonus Shares:   Nil

3) Right Shares:   Nil

The financial results of the Company as follows:-

 

Year Ending

30.06.201130.06.2010
Rupees Rupees
Sales (Net)382,683,381 322,025,790
Cost of goods sold287,851,512244,034,659
———–———–
Gross Profit94,830,86977,991,131
Other operating Income (Loss)593,909652,759
Operating Expenses
Administrative Expenses14,430,21913,343,450
Selling and Distribution 8,613,677 6,826,119
Worker’s Profit Participation Fund 3,328,2592,759,468
Worker’s Welfare Fund 1,276,6161,061,653
———–———–
27,648,77123,990,690
 ———–———–
Operating Profit67,776,00754,653,200
Financial charges5,221,802 2,632,203
 ———–———–
Net Profit before taxation 62,554,20552,020,997
Taxation 21,618,11815,991,405
———– ———–
Net Profit after taxation 40,876,08736,411,592
———–———–
Earnings per share8.187.21

 

 

The Annual General Meeting of the Company will be held on Tuesday 11th October, 2011 at 11.30 a.m. at SITE Association Conference Hall, Aiwan-e-Sanat, H-16, Textile Avenue – Karachi – Karachi.

The Final Dividend if approved by the Shareholders will be paid and sent to the Shareholders whose name appear in the Register of the members on 30/09/2011.

The Share Transfer Books of the Company will remain closed from 01/10/2011 to 11/10/2011 (both days inclusive). Transfer received at the Registered Office of the Company at D/58, SITE, Estate Avenue, Karachi at the close of payment of Dividends to the transferees.

 

For more information, contact:
M.Z.B Chughtai
Company Secretary
Pakistan Paper Products Limited
D/58, S.I.T.E., Karachi,
Pakistan.
Tel: 2579302
Fax: 0092-21-2579301