AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: We have to inform you that the Board of Directors of our company in their meeting held on October 26, 2011 at 11.00 a.m. at Small Industries Estate, Sialkot the un-audited accounts for the first quarter ended September 30, 2011 with nil declaration.
The financial results of the Company are as follow:
|
Quarter Ended |
||
|
30 September |
30 September |
|
|
2011 |
2010 |
|
|
Rupees |
Rupees |
|
| Sales | 32,625,325 | 52,705,427 |
| Cost of Sales | 24,950,169 | 33,380,880 |
| ———- | ———- | |
| Gross Profit | 7,675,156 | 19,324,567 |
| Distribution Cost | 3,960,845 | 6,295,229 |
| Administrative Expenses | 4,514,542 | 4,146,268 |
| Other Operating Expenses | 492,084 | 726,245 |
| 8,967,471 | 11,167,742 | |
| ———- | ———- | |
| (1,292,315) | 8,156,825 | |
| Other Operating income | 391,726 | 375,718 |
| ———- | ———- | |
| Profit from Operation | (900,589) | 8,532,543 |
| Finance Cost | 92,992 | 197,984 |
| ———- | ———- | |
| (993,581) | 8,334,559 | |
| Share of Loss from Associate | (929,328) | (4,336,711) |
| ———- | ———- | |
| (Loss)/ Profit before taxation | (1,922,909) | 3,997,848 |
| Provision for Taxation | ||
| -Current | 1,424,900 | 1,303,336 |
| Share of tax of associate | 66,615 | (172,376) |
| ———- | ———- | |
| (1,491,515) | 1,130,960 | |
| ———- | ———- | |
| (Loss) / Profit after Taxation | (3,414,424) | 2,866,888 |
| ———- | ———- | |
| (Loss) / Earnings per Share – basic and Diluted | (0.46) | 0.39 |
For more information, contact:
Muhammad Ashraf Butt
Company Secretary
Grays of Cambridge (Pak) Limited
P. O. Box: 98, Small Industries Estate,
Sialkot – 4, Pakistan
Tel: +92-52-3563051-52
Fax: +92-52-3551252
E-mail: info@grayspak.com