Grays of Cambridge (Pak) Limited’s financial results for the half year ended December 31, 2011 - AsiaNet-Pakistan

Grays of Cambridge (Pak) Limited’s financial results for the half year ended December 31, 2011

[ 0 ] February 27, 2012 | Financial Results | Share:

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on February 25, 2012 at 11:30 a.m. at Small Industries Estate, Sialkot has approved the un-audited accounts for the half year ended December 31, 2011 with nil declaration.

The financial results of the Company are as follow:

 

Half Year Ended

Quarter Ended

31 December

31 December

31 December

31 December

Rupees

Rupees

Rupees

Rupees

Sales 64,946,779 93,657,273 32,321,454 40,951,845
Cost of Sales (52,947,039) (60,759,258) (27,996,870) (27,333,968)
———- ———- ———- ———-
Gross Profit 11,999,740 32,898,015 4,324,584 13,617,878
Distribution Cost (8,701,299) (10,923,612) (4,740,454) (48,855,005)
Administrative Expenses (9,230,937) (8,840,896) (4,716,395) (4,478,166)
Other Operating Expenses (750,505) (1,207,562) (258,421) (515,587)
———- ———- ———- ———-
(18,682,741) (20,972,070) (9,715,270) (9,848,758)
———- ———- ———- ———-
(6,683,001) 11,925,945 (5,390,688) 3,769,120
Other Operating Income 597,767 851,035 206,041 475,317
———- ———- ———- ———-
Profit / (Loss) from Operations (6,085,234) 12,776,980 (5,184,645) 4,244,437
Finance Cost (217,916) (284,251) (124,924) (86,267)
———- ———- ———- ———-
(6,303,150) 12,492,729 (5,309,569) 4,158,170
Share of Loss of Associate (3,817,738) (12,604,478) (2,888,410) (8,267,767)
———- ———- ———- ———-
Loss before Taxation (10,120,888) (111,749) (8,197,979) (4,109,597)
Provision for Taxation
– Current (908,304) (1,322,161) 516,596 (18,825)
– Share of tax of associate (301,686) (291,133) (235,071) (463,509)
———- ———- ———- ———-
(1,209,990) (1,613,294) 281,525 (482,334)
———- ———- ———- ———-
Loss after Taxation (11,330,878) (1,725,043) (7,916,454) (4,591,931)
———- ———- ———- ———-
Loss per Share – Basic and Diluted % (1.54) (0.23) (1.08) (0.62)

 

We will be sending you 300 copies of the printed accounts for distribution amongst the Members of the Exchange.

For more information, Contact:
Grays of Cambridge (Pak) Limited
P. O. Box: 98, Small Industries Estate,
Sialkot – 4, Pakistan
Tel: +92-52-3563051-52
Fax: +92-52-3551252
E-mail: info@grayspak.com

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Category: Financial Results

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