Baluchistan Particle Board Limited’s financial results for the year ended June 30, 2012

Karachi, September 19, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday, September 19, 2012 at 12.00 noon at 4th floor, Imperial Court, Dr. Ziauddin Ahmed Road, Karachi, recommended the following:

(i) Cash Dividend                                     Nil

And/ Or

(ii) Bonus Issue                                      Nil

And/ Or

(iii) Right Shares                                    Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action           N/A

And/ Or

(v) Any Other Price-Sensitive Information             N/A

The financial results of the Company are as follows:

June

June

2012

2011

(Rupees in thousands)

Revenue
Rental income

3,098

2,816

Profit on sale of vehicle

78

Profit on treasury call account

150

309

—–

—–

3,248

3,203

Factory and administrative expenses
Salaries and allowances

84

76

Rent, rates and taxes

76

55

Communication, printing and stationery

165

211

Repairs and maintenance

94

85

Provision for obsolescence and slow moving stores and spare parts

315

Traveling, conveyance and vehicle running expenses

1

1

Directors’ fee

10

10

Stock exchange listing fee

62

50

Depreciation

298

332

Legal and professional charges

417

145

Insurance

15

17

Auditors’ remuneration

53

48

Fees, subscription and other expenses

27

58

Financial charges

136

133

—–

—–

C/F

(1,753)

(1,221)

Profit before taxation

1,495

1,982

Taxation

280

350

Profit after taxation

1,215

1,632

—–

—–

Earnings per share-Basic and diluted     (Rs.)

0.20

0.27

The Annual General Meeting of the Company will be held at 11.30 a.m. on Monday, October 22, 2012 at Second Floor, The Institute of Chartered Accountants of Pakistan, Chartered Accountants Avenue, Clifton, Karachi 75600.

The Share Transfer Books of the Company will remain closed from Monday October 15, 2012 to Monday, October 22, 2012 (both days inclusive).

For more information, contact:
Cawas R. Setina
Company Secretary
Baluchistan Particle Board Limited
3rd Floor, Imperial Court,
Dr. Ziauddin Ahmed Road, Karachi,
Ph: 5680036-9
Fax: 92-21-5684086
Telex: 21093,

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