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Karachi: We have to inform you that the Board of Director’s of Gharibwal Cement Limited (GWLC) in their meeting held on April 30, 2012 at 4:30 p.m., at 28/B-III Gulberg-III, Lahore, recommended the following:
(i) Cash Dividend Nil
(ii) Bonus Shares Nil
(iii) Right Shares Nil
(iv) Any Other Entitlement / Corporate Action Nil
(v) Any Other Price-Sensitive Information Nil
Un – Audited financial results of the company for the third Quarter ended on March 31, 2012 is attached as “Annexure”.
Gharibwal cement limited Condensed interim profit and loss account (un-audited) for the nine months ended March 31, 2012
|
Six Months ended |
Three Month Ended |
|||
|
31-03-2012 |
31-03-2011 |
31-03-2012 |
31-03-2011 |
|
|
(Rupees in 000s) |
||||
| (118,245) | ||||
| Sales – net |
3416,049 |
2,152,896 |
1,519,324 |
3,067 |
| Cost of sales |
(2,889,855) |
(2,096,052) |
(1,205,685) |
(865,265) |
|
——— |
——— |
——— |
——- |
|
| Gross profit |
526,194 |
56,844 |
313,639 |
(862,195) |
| Selling end distribution expenses |
(17,547) |
(13,793) |
(8,492) |
(44,016) |
| General and administrative expenses |
(129,041) |
(150,396) |
(45,743) |
64,413 |
| Other operating expenses |
8,050 |
13,377 |
235 |
4,315 |
|
——— |
——— |
——— |
——- |
|
| Other operating Income |
(148,656) |
(150,812) |
(57,402) |
26,554 |
|
——— |
——— |
——— |
——- |
|
| Profit / (loss) from operations |
377,538 |
(93,968) |
(256,236) |
(835,644) |
| Finance cost |
(741,380) |
(584,174) |
(208,408) |
(192,639) |
|
——— |
——— |
——— |
——- |
|
| Profit/ (loss) before taxation |
(363,642) |
(678,142) |
47,828 |
192,909 |
| Taxation |
(34,409) |
(21,162) |
(15,302) |
(9,043) |
|
——— |
——— |
——— |
——- |
|
| Profit / (loss) after taxation |
(398,251) |
(699,304) |
32,526 |
183,866 |
| Other comprehensive income for the period |
– |
– |
– |
– |
|
——— |
——— |
——— |
——- |
|
| Total comprehensive profit/ (loss) for the period |
(398,251) |
(699,304) |
32,526 |
183,866 |
|
——— |
——— |
——— |
——- |
|
|
Rupees |
||||
| Earning per share (basic and diluted) |
(0.99) |
(2.43) |
0.08 |
0.03 |
For more information, Contact:
Muhammad Shamil Javed
Company Secretary
Gharibwal Cement Limited
28- B/III, Gulberg-III,
Lahore, Pakistan,
Phone: PABX 042-111-210-310,
Fax: 042-5871039