Media Times Limited’s financial results for the half year ended December 31, 2011 - AsiaNet-Pakistan

Media Times 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 Media Times Limited (MDTL) (“the Company”) in their meeting held at 10:30 a.m. on Saturday, 25 February 2012 have recommended the following:

Cash Dividend         Nil
Bonus Shares          Nil
Right Issue           Nil

A copy of Profit & Loss Account for the half year ended December 31, 2011 is enclosed.

Since the company has not declared any payouts, therefore no book closure is required.

We will be sending you the copies of the printed accounts for distribution amongst the members of the Exchange in due Course of time.

Condensed Interim Income Statement (Un-Audited) for the Half Year Ended 31 December 2011

 

Half year ended

Quarter ended

Note

Jul – Dec

Jul – Dec

Oct – Dec

Oct – Dec

2011

2010

2011

2010

(Rupees)

Revenue – Net 121,916,227 225,174,695 55,238,566 105,360,269
Direct costs (266,237,308) (182,097,991) (162,970,702) (99,462,866)
———– ———– ———– ———–
Gross profit / (loss) (144,321,081) 43,076,704 (107,732,130) 5,097,103
Operating costs (98,756,624) (102,261,254) (63,989,920) (43,685,631)
———– ———– ———– ———–
Operating (loss) (243,077,705) (59,184,550) (171,722,056) (37,788,228)
Finance costs (46,913,703) (40,212,630) (23,575,269) (22,077,486)
———– ———– ———– ———–
(289,991,408) (99,397,180) (195,297,325) (59,865,714)
Other operating income 3,042,881 3,173,745 2,560,275 3,146,921
———– ———– ———– ———–
Loss before taxation (286,948,527) (96,223,435) (192,737,050) (56,718,793)
Taxation 76,617,707 34,106,441 42,745,621 21,663,378
———– ———– ———– ———–
Total comprehensive loss (210,330,820) (62,110,994) (149,991,429) (35,055,415)
———– ———– ———– ———–
Loss per share – basic and diluted 13 (1.57) (0.45) (1.12) (0.26)

 

The annexed notes from 1 to 15 form an integral part of this condensed interim financial information.

For more information, Contact:
Media Times Limited
103-C/II, Gulberg-III,
Lahore Pakistan,
UAN: 92- 42-111-947-947
PABX: 92-42-35757591-94
Fax: 92-42-35757590, 35877920

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Category: Financial Results

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