Shield Corporation Limited’s financial results for the year ended June 30, 2012

Karachi, September 10, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Monday September 10, 2012 at Karachi recommended the following:

1) A final Cash Dividend for the year ended June 30, 2012 at Rs. 1.50 per share i.e. 15%.

2) Bonus Shares       Nil

3) Right Shares       Nil

The financial results as approved by the Board of Directors of the Company are as follows:

2012

2011

(Rupees)

(Rupees)

Net sales

1,061,000,021

829,901,077

Cost of sales

(757,080,081)

(624,047,664)

————-

———–

Gross profit

303,919,940

205,853,413

Selling and distribution expenses

(215,302,475)

(131,338,208)

Administrative and general expenses

(19,843,857)

(15,697,978)

Other operating expenses

(5,435,250)

(4,626,343)

Other operating income

1,403,383

1,501,896

————-

———–

Operating profit

64,741,741

55,692,780

Finance costs

(20,266,243)

(15,331,314)

————-

———–

Profit before taxation

44,475,498

40,361,466

Taxation

(7,031,676)

(9,821,642)

————-

———–

Profit after taxation

37,443,822

30,539,824

Other comprehensive income

-

-

————-

———–

Total comprehensive income for the year

37,443,822

30,539,824

————-

———–

Earning per share – basic and diluted

9.60

7.83

The Annual General Meeting of the Company will be held on Tuesday October 23, 2012 at 2:00 pm at factory situated at 368/ 4&5, Landhi industrial Area, Baldia Road, Karachi. The share transfer books of the company will be closed from October 17, 2012 to October 23, 2012.

For more information, contact:
M. Zaid Kaliya
Company Secretary
Shield Corporation Limited
509, Business Avenue Block-6,
P.E.C.H.S. Shahrah-e-Faisal,
Karachi-75400, Pakistan.
Tel: (92-21) 34385003-4
Fax: (92-21) 34556344
Website: www.shield.com.pk
E-mail: mail@shiedl.com.pk