Karachi, September 10, 2012 (PPI-OT): We are pleased in inform you that the Board of Directors of M/s Haydari Construction Company Limited (HADC) their meeting held on September 08, 2012 considered and approved for publication the Company’s Audited Annual Financial Statements for the year ended June 30, 2012.
Financial Results
2012 |
2011 |
|
Rupees |
||
Other Income | ||
Dividend Income |
1,236 |
1,460 |
Sale of Scarp |
274,612 |
550,000 |
Reversal of Provision |
– |
11,260 |
——– |
——– |
|
275,848 |
562,720 |
|
Administrative and General Expenses | ||
Rent, Rates and Taxes |
11,895 |
11,895 |
Fees and Subscription |
211,741 |
134,910 |
Office Expenses |
53,825 |
50,413 |
Professional Tax |
60,000 |
10,000 |
Members Meeting Expenses |
17,984 |
51,225 |
Auditor’s remuneration |
80,000 |
80,000 |
Deprecation |
42,414 |
46,862 |
Bank Charges |
1,150 |
519 |
Bank Balance written off |
– |
3,700 |
Bad Debt |
5,354,933 |
– |
——– |
——– |
|
5,833,942 |
389,524 |
|
——– |
——– |
|
(loss) / Profit before taxation |
(5,558,094) |
173,196 |
Taxation |
(9,736) |
(22,289) |
——– |
——– |
|
Net (Loss)/ Income for the year |
(5,567,830) |
150,907 |
Other Comprehensive (Loss)/ Income | ||
(Loss)/ Gain on remuneration of Investment |
(36,532) |
24,339 |
——– |
——– |
|
Total Comprehensive (Loss)/ Income for the year |
(5,604,362) |
175,246 |
——– |
——– |
|
Earning per share basic and diluted |
(0.88) |
0.02 |
Moreover we also inform you that the 65th Annual General Meeting of the shareholders of the Company will be held on Wednesday October 24, 2012 at 09:00 a.m. at Mezzanine Floor, UBL Building, I.I. Chundrigar Road, Karachi, Members whose names appear in the Register of Members on October 24, 2012 will be entitled to attend the meeting.
The Shares Transfer Book of the Company will remain closed from October 18, 2012 to October 24, 2012 (both days inclusive).
A member of the Company entitled to attend and vote may appoint another member as his/ her proxy attend and vote instead of him/ her. Proxies must be received at the Registered Office of the Company not later than 28 hours before the time of holding the meeting.
In case of any change in the address, the shareholders are requested to communicate to the Company’s Share Registrar: Secretarial Services (Pvt) Limited, 2nd Floor, UBL Building, I.I. Chundrigar Road, Karachi.
For more information, contact:
Sohail Ahmed Qureshi
Company Secretary
Haydari Construction Company Limited
Mezzanine Floor, UBL Building,
I. I. Chundrigar Road,
Karachi-74000 Pakistan
Tel: +92-21-2411887
Fax: +92-21-2414581