AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, October 31, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on October 30, 2012 at 5:30 p.m. at Karachi, Pakistan, recommended the following:
(i) Cash Dividend Nil
And/ Or
(ii) Bonus Shares Nil
And/ Or
(iii) Right Shares Nil
And/ Or
(iv) Any Other Entitlement/Corporate Action Nil
And/ Or
(v) Any Other Price-Sensitive Information Nil
The un-audited financial results of the Company for the First Quarter ended September 30, 2012 are as follows:
|
September 30, |
September 30, |
|
|
2012 |
2011 |
|
|
Unaudited |
||
|
(Rupees in ‘000) |
||
| Gross Sales |
106 |
321 |
| Sales tax |
15 |
44 |
|
—— |
—— |
|
| Net Sales |
91 |
277 |
| Cost of sales |
36,054 |
49,335 |
|
—— |
—— |
|
| Gross (Loss) |
(35,963) |
(49,058) |
| Distribution expenses |
10,706 |
12,220 |
| Administrative and general expenses |
9,346 |
22,229 |
|
—— |
—— |
|
|
20,052 |
34,449 |
|
|
—— |
—— |
|
| Operating (Loss) |
(56,015) |
(83,507) |
| Other Income |
34,308 |
38,017 |
|
—— |
—— |
|
|
(21,707) |
(45,490) |
|
| Finance cost |
12 |
169 |
|
—— |
—— |
|
| (Loss) before Taxation |
(21,719) |
(45,659) |
| Taxation |
– |
3 |
|
—— |
—— |
|
| Net (Loss) for the Period |
(21,719) |
(45,662) |
|
—— |
—— |
|
| Basic (Loss) per share (Rupee) |
(0.20) |
(0.42) |
For more information, contact:
Haroon Iqbal
Director
Dewan Farooque Motors Limited
7TH Floor, Block-A,
Finance & Trade Centre (FTC),
Shahrah-e-Faisal, Karachi, Pakistan
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860,
Web: www.dewangroup.com.pk