Service Industries Limited’s finance results for the year ended December 31, 2012

Karachi, April 02, 2013 (PPI-OT): We wish to inform you that the board of director of our company in its meeting held on Monday 1st April, 2013 at 11:30 hours at Serves House, 2-Main Gulberg, Lahore has recommended the following:

Final Cash Dividend:

A final cash dividend for the year ended 31/12/2012 at Rs. 7.50 per share i.e. 75%.

Bonus Shares                  Nil

Right Shares                  Nil

Any Other Entitlement         Nil

Financial Results:

Summary of the financial results is annexed.

The annual general meeting of the shareholders of the company will be held on Tuesday the 30th April, 20132 at 10:00 a.m. at Shalimar Tower Hotel, Adjacent Serves House, 2-Main Gulberg, Lahore. The final cash dividend if approved by the shareholders will be paid to the shareholders whose names appear in the register of members as on 22/04/2013.

Closure of Share Transfer Books:

The Share Transfer Books of the company will remain closed from 23/04/2013 to 30/04/2013 (both days inclusive). Transfers received in order at the company’s shares registrar office of M/s Hameed Majeed Associates (Pvt.) Limited at 1st Floor, H. M. House, 7-Bank Square. The mall Lahore at the close of business on 22/04/2013 will be treated in time for the purpose of payment of divided to the shareholders.

The financial results of the company are as under:

31-12-2012

31-12-2011

Rupees in thousand

Sales

12,167,267

11,549,029

Cost of sales

10,620,854

9,979,973

———-

———-

Gross Profit

1,546,413

1,569,236

Distribution cost

545,476

322,754

Administrative expenses

511,790

456,471

Other operating expenses

32,580

58,270

Finance cost

322,151

237,695

Other operating income

(58,005)

(40,570)

———-

———-

1,353,992

1,034,617

Profit before taxation

192,421

534,619

Taxation

65,081

101,251

———-

———-

Profit after taxation

127,340

433,368

Earning per shared (Rupees)

10.59

36.03

For more information, contact:
Service Industries Limited
Service House, 2-Main Gulberg
Lahore-54662 (Pakistan)
Phone: (42) 5751990-96
Fax: (42) 5710593