Ghani Gases Limited’s financial results for the year ended 30-06-2011

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Karachi: We have to inform you that the Board of Directors of Ghani Gases Limited (GGL) in their meeting held on Tuesday October 04, 2011 at 03.00 P.M. (Concluded at 04:l5pm) recommended the following:

Cash Dividend:       Nil

And/ Or

Bonus Shares:        Nil

The financial results of the Company are as follows:

 

 

	(Rupees in 000)
	June	June
	2011	2010
Gross Sales-Local	520,773	314,935
Less:
Sales tax	70,680	41,654
Excise duty	5,631	2,664
	——-	——-
	76,311	44,318
	——-	——-
Net Sales	444,462	270,616
Cost of Sales	298,932	245,108
	——-	——-
Gross profit	145,530	25,508
Distribution Cost	63,091	52,335
Administrative expenses	46,782	51,166
Other operating expenses	6,407	2,815
	——-	——-
	116,280	106,316
	——-	——-
	29,250	(80,807)
Other income	112,883	52,820
	——-	——-
	142,133	(27,987)
Finance cost	57,120	34,571
	——-	——-
Profit / (Loss) before taxation	85,013	(62,558)
Taxation	5,569	1,646
	——-	——-
Net profit / (loss) for the year	79,444	(64,204)
	——-	——-
Earnings per share-basic and diluted (rupees)	1.10	(0.89)

 

The Annual General Meeting of the Company will be held on Saturday October 29, 2011 at 11:00 AM at Lahore.

The Share Transfer Books of the Company will be closed from Friday October 21, 2011 to Friday October 28, 2011 (both days inclusive).

 

For more information, contact:
Farzand Ali
Company Secretary
Ghani Gases Limited
82-N. Model Town Ext,
Lahore 54000- Pakistan
UAN: 111-GHANI (442-841)
Ph: +92-45-35161424-5
Fax: +92-42-35160393