Rupali Polyester 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 its meeting held on 26 September 2011 at 1100 hrs at Rupali House, 241-242 Upper Mall, Scheme, Anand Road, Lahore recommended the following:

(i) Cash Dividend

A final Cash Dividend for the year ended 30 June 2011 @ 55% (Rs.5.50 per share).

(ii) Bonus Shares:                              NIL

(iii) Right Shares:                             NIL

(iv) Any Other Entitlement/ Corporate Action:   NIL

Financial Results:

The audited Profit and Loss Account for the year ended 30 June 2011 is enclosed herewith as Annexure “A”.

The Annual General Meeting of our Company will be held at Lahore on 29 October 2011 at 10:00 am.

The Share Transfer Books of the Company will remain closed from 22 October 2011 to 29 October 2011 (both days inclusive). Transfers received at the Company’s registered office or Share Registrar M/s. Noble Computer Services (Pvt.) Limited, Karachi at the close of business on 21 October 2011 will be treated in time for the purpose of determining the entitlement for the cash dividend.

 

Annexure “A’

Profit and Loss Account for the Year Ended 30 June 2011

2011

2010

Rupees in thousand

Sales6,455,8484,774,324
Cost of Goods Sold(5,804,892)(4,301,276)
——————
Gross Profit650,956473,048
Selling and Distribution Expenses(15,397)(13,669)
Administrative and General Expenses(134,768)(221,798)
Other Operating Charges(35,435) (25,303)
Other Operating Income50,43976,652
——————
Operating Profit515,795288,930
Finance Costs(11,914)(2,925)
——————
Profit Before Taxation503,881286,005
Taxation(171,619)(78,203)
——————
Profit after Taxation332,262207,802
——————
RupeesRupees
Earnings Per share-Basic and Diluted9.75 6.10

 

For more information, contact:
Rupali Polyester Limited
Rupali House, 241-242 Upper Mall,
Scheme, Anand Road,
Lahore – 54000,
Pakistan.
Tel: (92-42) 35713101-4
Fax: (92-42) 35713095-6
Email: info@rupaligroup.com
Web: www.rupaligroup.com