UPFL financial results H1 2012

At its meeting held on 13th August 2012 at 14:30 Hrs at Karachi, our Board of Directors has approved the Condensed Interim Financial Information of the Company for the half year ended June 30, 2012.

On 18% higher sales, Earnings Per Share increased by 10% as the company buffered the impact on consumers of cost increases and continued to build brands by increasing investment in advertising and promotion.

Condensed Financial Information

In view of the financial results for the half year January to June 2012, the Board of Directors has declared Second Interim Dividend -2012 of Rs. 25/- or 250% per Ordinary Share of Rs. 10/-. This will be payable to Members on the number of Ordinary Shares held by them at the close of business on 13 September 2012.

Together with the First Interim Dividend – 2012 of Rs. 25/- or 250% per Ordinary Share of Rs. 10/-, already paid, the total dividend upto the half year ended June 30, 2012 will thus amount to Rs. 50/- or 500% per Ordinary Share of Rs.10. (Half year January to June 2011, Rs.50/- or 500% per Ordinary Share of Rs. 10/-).

The Share Transfer Books of the Company will be closed from 07 September 2012 to 13 September 2012 (both days inclusive), and will re-open on 14 September 2012. Transfers in good order, received at the Company’s Share Registration Office c/o Famco Associates (Private) Limited, State Life Building No. 1-A, I.I. Chundrigar Road, Karachi, by the close of business on 06 September 2012 will be treated in time for the purpose of payment of Second Interim Dividend -2012 to the transferees.