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Karachi, May 07, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Tuesday May 07, 2013 at 10:00 a.m. at the registered office of the Company at Plot No. HT-8, Landhi Industrial and Trading Estate, Landhi Karachi, recommended the following:
The Financial Results of the Company are as follow:
Half year ended Quarter ended
December 31, December 31, December 31, December 31,
2011 2010 2011 2010
(Rupees in ‘000)
Sales-net 230,438 988,167 53,408 181,495
Cost of sales (297,357) (289,268) (87,884) (152,852)
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Gross (loss)/ profit (66,919) 49,911 (34,476) 29,143
Administrative expenses (13,760) (12,606) (7,968) (9,829)
Distribution expenses (7,151) (11,125) (1,806) (8,254)
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(20,901) (28,681) (9,769) (18,088)
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(87,820) 20,280 (44,245) 11,060
Other Operating income 6,330 64 3,855 10
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Operating (Loss)/ profit (81,490) 20,944 (40,390) 11,070
Financial charges (4,038) (74,783) (1,849) (36,678)
Other operating charges - (11,362) - (11,862)
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(4,038) (86,145) (1,849) (48,040)
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Loss before taxation (85,528) (65,801) (42,239) (36,970)
Taxation-Current (2,317) (8,825) (1,770) (2,525)
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Loss after taxation (87,845) (69,126) (44,009) (39,495)
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Loss per share-basic (8.27) (6.51) (4.14) (8.72)
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We will be sending you 300 printed copies of accounts for distribution amongst the members of the Exchange.
For more information, contact:
M. Anwar Kaludi
Company Secretary
Husein Industries Limited
HT-8, Landhi Industrial & Trading Estate,
Karachi75120, Pakistan
Tel: (92-21) 5018536 (3 Lines)
Fax: (92-21) 5018545
E-mail: sales@husein.com
Web: www.husein.com