Dadex Eternit Limited’s financial results for the half year ended December 31, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on February 29, 2012 at 12:00 p.m. at Dadex House, 34-A/1, Block-6, P.E.C.H.S. Shahrah-e Faisal, Karachi have recommended the following:

i. Cash Dividend           Nil

ii. Bonus Shares           Nil

iii. Right Shares          Nil

iv. The financial results (unaudited) of the Company for the Half Year ended December 31, 2011 are as follows:

 

	Half Year Ended		Quarter Ended
	December 3l,	December 3l,	December 3l,	December 3l,
	2011	2010	2011	2011
	(Rupees ‘000)		(Rupees ‘000)
Turnover – net	1,032,799	858,283	503,825	433,897
Cost of sales	(838,863)	(706,106)	(406,286)	(348,750)
	———	——-	——-	——-
Gross profit	193,936	152,177	97,540	85,147
Distribution costs	(115,208)	(122,389)	(68,425)	(88,048)
Administrative expenses	(87,758)	(54,710)	(35,698)	(24,228)
Other operating expenses	(15,684)	(3,129)	(13,502)	(6,000)
Other operating income	24,800	23,686	14,385	16,200
	———	——-	——-	——-
Operating profit / (loss)	19,066	(4,445)	6,300	5,073
Finance cost	(26,667)	(24,575)	(18,016)	(14,634)
Share of profit / (Loss) on Investment in an associate	–	(80)	–	(80)
	———	——-	——-	——-
Loss before taxation	(6,701)	(29,100)	(11,716)	(9,641)
Taxation	31,704	(3,577)	38,424	(11,730)
	———	——-	——-	——-
Profit / (Lose) for the period	25,003	(32,677)	26,708	(21,271)
	———	——-	——-	——-
	Rupees		Rupees
Earning / (Loss) per share – Basic and diluted	2.32	(3.04)	2.48	(1.98)

 

300 copies of printed accounts for the half year ended December 21, 2011 will be sent to you for distribution amongst the members of the Exchange.

For more information, Contact:
Dadex Eternit Limited
Dadex House 34-A/1 Block 6,
P.E.C.H.S Shahrah-e-Faisal, Karachi 75400
Tel: 92-21 111 000 789
Fax: 92-21 34315716
E-mail: info@dadex.com
Website: www.dadex.com