SUBJECT: FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2013
We have to inform you that the Board of Directors of our company in their meeting held on Friday, August 16, 2013 at 10:00 A.M. at 88 – Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore, recommended the following:
1. FINAL CASH DIVIDEND
A final Cash Dividend for the year ended June 30, 2013 at Re.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 NIL
6. FINANCIAL RESULTS
The financial results of the company are attached as per annexure – I.
The Annual General Meeting of the Company will be held on September 14, 2013 at 11:00 A.M. at Four Seasons Banquet Hall, 0.5 KM- Main Raiwind Road, Thokar Niaz Baig, Lahore.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on close of business on 7th September 2013.
The Share Transfer Books of the Company will be closed from 8th September 2013 to 14th September 2013 (both days inclusive). Transfers received at the share registrar M/s Corp Tec Associates (Pvt.) Ltd., 503 – E, Johar Town, Lahore at the close of business on 7th September 2013 will be treated in time for the purpose of above entitlement to the transferees.
We will be sending you 300 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 – I
|SAZGAR ENGINEERING WORKS LIMITED|
|PROFIT AND LOSS ACCOUNT|
|FOR THE YEAR ENDED JUNE 30, 2013|
|SALES – Net||1,881,495,911||2,725,640,195|
|COST OF SALES||1,678,876,991||2,396,243,899|
|OTHER OPERATING EXPENSES||8,148,751||17,776,308|
|OTHER OPERATING INCOME||5,940,815||7,025,034|
|OPERATING PROFIT BEFORE FINANCE COST||106,100,434||206,772,627|
|PROFIT BEFORE TAXATION||96,090,726||195,034,910|
|PROFIT AFTER TAXATION||66,507,038||126,084,180|
|EARNINGS PER SHARE – BASIC AND DILUTED||3.70||7.02|