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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday, October 31, 2011 at 02:00 P.M. at 120-E/I, Gulberg-III, Lahore the Registered Office of the Company, have approved Quarterly Results for the 1st Quarter Ended September 30, 2011.
1) Cash Dividend Nil
2) Bonus Shares Nil
3) Right Shares Nil
The Financial Results of the Company are as follows:-
|
1st Quarter Ended |
1st Quarter Ended |
|
|
September 30, 2011 |
September 30, 2011 |
|
|
(Un-audited) |
(Un-audited) |
|
|
Rupees |
Rupees |
|
| Sale | 99,991,207 | 91,817,121 |
| Cost of Sales | (90,694,408) | (82,955,558) |
| ———- | ———- | |
| Gross Profit | 9,296,799 | 8,861,563 |
| Operating Expenses | ||
| – Selling and Distribution Costs | 7,659,142 | 6,585,896 |
| – Administrative Expenses | 6,560,208 | 6,360,917 |
| ———- | ———- | |
| (14,229,350) | (12,946,813) | |
| ———- | ———- | |
| Operating (Loss) | (4,932,551) | (4,085,250) |
| Finance Cost | (3,897,744) | (3,058,451) |
| Other operating expenses | (62,500) | (62,500) |
| Other operating income | 202,740 | 2,581,741 |
| ———- | ———- | |
| (Loss)/ Profit before Taxation | (8,690,055) | (4,624,460) |
| Taxation | (961,805) | (900,540) |
| ———- | ———- | |
| (Loss)/Profit after Taxation | (9,651,860) | (5,525,000) |
| ———- | ———- | |
| Earnings per share-Basic | (1.42) | (1.46) |
For more information, contact:
Tahir Jahangir
Chief Executive
Hala Enterprises Limited
120 E/1, Gulber-3,
Lahore – 54660, Pakistan
Ph: 92-42-35761585-6
Fax: 92-42-35710235
E-mail: hala@halaenterprises.com
Web: www.halenterprises.com