رابطہ
October 28, 2009
The Board of Directors of Engro Chemical Pakistan Limited in their meeting held on October 28, 2009 have declared a second interim dividend for the year 2009 at the rate of Rs. 2.00 per share.
The unaudited financial results of the Company for the third quarter and nine months ended September 30, 2009 are as follows:
Amounts in thousand except for earnings per share.
| July-Sept 2009 |
July-Sept 2008 |
Jan-Sept 2009 |
Jan-Sept 2008 |
|
| Net sales | 10,142,656 | 5,857,711 | 20,850,210 | 14,681,956 |
| Less: Cost of sales | 8,191,819 | 4,086,645 | 15,951,610 | 9,527,379 |
| Gross profit | 1,950,837 | 1,771,066 | 4,898,600 | 5,154,577 |
| Less: Selling and distribution expenses | 563,159 | 365,541 | 1,314,213 | 1,061,900 |
| 1,387,678 | 1,405,525 | 3,584,387 | 4,092,677 | |
| Add: Other income | 901,487 | 1,368,121 | 1,158,661 | 1,612,181 |
| Less: Financial and other charges including WPP and WW funds | 342,426 | 728,375 | 1,246,944 | 1,295,119 |
| Profit before taxation | 1,946,739 | 2,045,271 | 3,496,104 | 4,409,739 |
| Less: Provision for taxation Current Deferred |
57,463 333,411 |
198,920 43,396 |
126,751 769,910 |
838,780 211,609 |
| Profit after taxation | 1,555,865 | 1,802,955 | 2,599,443 | 3,359,350 |
| Earning per share-basic and diluted | 5.22 | (restated) 6.98 |
9.44 | (restated) 13.45 |
| Unappropriated profit brought forward (restated) | 7,529,070 | 5,078,353 | 6,911,124 | 4,102,366 |
| Less: – Final Dividend 2008 @ Rs. 2 per share (2007: Rs. 3 per share paid during the quarter & nine months period – 1st Interim Dividend 2009 @ Rs. 2 per share (2008: Rs. 2) per share paid during the quarter & nine months period |
– 595,885 |
– 425,632 |
425,632 595,885 |
580,408 425,632 |
| Profit available for appropriation | 8,489,050 | 6,455,676 | 8,489,050 | 6,455,676 |
The Interim Dividend will be paid to the shareholders whose names appear on the Register of Members on Friday, November 20, 2009.
The Share Transfer Books of the Company will be closed from Friday, November 20, 2009 to Friday, November 27, 2009 (both days inclusive). Transfers received in order at the office of our Registrars, Messrs FAMCO ASSOCIATES (PVT.) LTD. (formerly Ferguson Associates (Pvt.) Ltd.), State Life Building No. 2-A, 4th Floor, Wallace Road, Off I.I. Chundrigar Road, Karachi-74000 up to the close of business (5:00 p.m.) on Thursday, November 19, 2009 will be treated in time for the purpose of payment of Interim Dividend to the transferees.
Very truly yours
ANDALIB ALAVI
General Manager – Legal & Company Secretary