Ados Pakistan Limited’s financial results for the quarter ended September 30, 2011

[ 0 ] October 31, 2011 | Financial Results

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on October 31, 2011 at 1:00 P.M at its registered office at #88, Khayaban-e-Iqbal, F-8/2, Islamabad, recommended the following

(i) Cash Dividend

An Interim Cash Dividend for the quarter ended September 30, 2011 at Rs 0 per share i.e. 0%.

The financial results of the Company are enclosed as “Annexure I”

Profit and Loss Account Un-Audited] for the Quarter Ended September 30, 2011

		September 30	September 30
		2011	2010
	Note	Rupees	Rupees
Revenue	3	20,745,577	191,386,457
Cost of sales/services	4	(19,083,784)	(15,558,236)
		———-	———–
Gross profit/ (Loss)		1,661,794	31,828,221
Administrative and Selling expenses		(11,071,115)	(11,808,968)
		———-	———–
Profit/ (Loss) from operations		(9,409,321)	20,019,253
Other income/ (Loss)		(3,516,762)	22,182,698
Financial cost		(217,956) (38,386)
		———-	———–
		(13,144,038)	424,163,566
Workers’s Profit Participation Fund and worker’s Welfare Fund		-	(2,863,385)
		———-	———–
Profit/ (Loss) before income tax		(13,144,039)	39,300,181
Taxation		(207,456)	(13,783,692)
		———-	———–
Profit/ (Loss) after taxation		(13,351,495)	25,516,489
		———-	———–
Earnings per share		(2.03)	3.88

For more information, contact:
Sheikh Usman Ahmed
Director
Ados Pakistan Limited
88. Khayaban-e-Iqbal. F-8/2,
P. O. Box: 1416. Islamabad – Pakistan
Tel: +92-51-2264308 and 2255560,
FAX: +92-51-2281678,
E-MAIL: ados@akbarassociates.com

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