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Karachi, October 09, 2012 (PPI-OT): We have to inform you that the Board of Directors of Gharibwal Cement Limited (GWLC) in their meeting held on October 08, 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
(iv) Any Other Entitlement/Corporate Action
Nil
(v) Any Other Price-Sensitive Information
Nil
Audited financial result of the Company for the Year Ended June 30, 2012 is attached as “Annexure”
Annual General Meeting (AGM) of the Company will be held on October 31, 2012 at 12:30 P.M at Registered Office of the Company (28-B/III, Gulberg-III, Lahore).
Share Transfer Books of the Company will remain closed from October 24, 2012 to October 31, 2012 (both days inclusive). Transfers received at our share registrar, M/S Corplink (Pvt.) Limited, wings Areade,1-K, Commercial Model Town, Lahore at close of business on October 23, 2012 will be treated in time.
Gharibwal Cement Limited
Profit and Loss account for the year ended June 30, 2012
|
2012 |
2011 |
|
|
(Rupees in 000s) |
||
| Sales – net |
4,976,032 |
3,327,031 |
| Cost of sales |
(3,986,902) |
(3,161,296) |
|
——— |
——— |
|
| Gross profit |
989,130 |
165,735 |
| Selling and distribution expenses |
(25,383) |
(17,311) |
| General and administrative expenses |
(161,123) |
(192,803) |
| Other operation expenses |
(19,907) |
(145,383) |
|
——— |
——— |
|
|
(206,413) |
(355,497) |
|
| Other operating income |
14,833 |
18,736 |
|
——— |
——— |
|
| Profit/ (loss) from operations |
797,550 |
(171,026) |
| Finance cost |
(989,224) |
(764,740) |
|
——— |
——— |
|
| Loss before taxation |
(191,674) |
(935,766) |
| Taxation |
(49,760) |
(35,685) |
|
——— |
——— |
|
| Loss after taxation |
(241,434) |
(971,451) |
| Other comprehensive income for the year |
– |
– |
|
——— |
——— |
|
| Total comprehensive loss for the year |
(241,434) |
(971,451) |
|
——— |
——— |
|
|
Rupees |
||
| Earnings per share (basic and diluted) |
(0.60) |
(3.08) |
For more information, contact:
Gharibwal Cement Limited
28- B/III, Gulberg-III,
Lahore, Pakistan,
Phone: PABX 042-111-210-310,
Fax: 042-5871039