SUBJECT: FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2014
We have to inform you that the Board of Directors of our company in their meeting held on 02/09/2014 at 10:00 A.M. at Lahore, recommended the following:
1. CASH DIVIDEND
A final Cash Dividend for the year ended June, 2014 at Rs.1/- per share i.e. 10%. This is in addition to Interim Dividend already paid at Rs. Rs.1/- per share i.e. 10%.
2. BONUS SHARES NIL
3. RIGHT SHARES NIL
4. ANY OTHER ENTITLEMENT/CORPORATE ACTION NIL
5. ANY OTHER PRICE – SENSITIVE INFORMATION
Attached as per Annexure – I
6. FINANCIAL RESULTS
The financial results of the company are attached as per Annexure – II.
The Annual General Meeting of the Company will be held on 18/10/2014 at 10:30 A.M. at Lahore.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 11/10/2014.
The Share Transfer Books of the Company will be closed from 12/10/2014 to 18/10/2014 (both days inclusive). Transfers received at the share registrar M/s Corp Tec Associates (Pvt.) Ltd., 503 – E, JoharTown, Lahore at the close of business on 11/10/2014 will be treated in time for the purpose of above entitlement to the transferees.
We will be sending you 200 copies of printed accounts for distribution amongst the members of the Exchange 21 days before the date of AGM.
For Sazgar Engineering Works Limited
ARSHAD MAHMOOD (Company Secretary)
|ANNEXURE – II|
|SAZGAR ENGINEERING WORKS LIMITED|
|PROFIT AND LOSS ACCOUNT|
|FOR THE YEAR ENDED JUNE 30, 2014|
|June 30, 2014||June 30, 2013|
|SALES – Net||2,105,849,488||1,881,495,911|
|COST OF SALES||1,897,309,026||1,678,876,991|
|OTHER OPERATING EXPENSES||9,452,465||8,148,751|
|OPERATING PROFIT BEFORE FINANCE COST||94,135,210||106,100,434|
|PROFIT BEFORE TAXATION||87,627,820||96,090,726|
|PROFIT AFTER TAXATION||60,441,273||66,507,038|
|EARNINGS PER SHARE – BASIC AND DILUTED||3.36||3.70|