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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held today at 11.00 A.M recommended the following:
1- Cash Dividend NIL
2- Bonus Share NIL
3- Right Share NIL
Financial Results of the Company are as follows:
| 2011 | 2010 | |
| Rupees | Rupees | |
| (3,782,603) | (3,617,437) | |
| (11,454,017) | (10,125,581) | |
| Other Operating Income | – | 3,021 |
| ———- | ———- | |
| (11,454,017) | (10,122,560) | |
| Finance Cost | (68,694) | (510,860) |
| ———- | ———- | |
| (Loss) /profit before taxation | (11,522,711) | (10,633,420) |
| Provision for taxation | – | – |
| (Loss)/profit for the year | (11,522,711) | (10,633,420) |
| ———- | ———- | |
| Loss Per Share-basic and diluted-Rupees | (1.44) | (1.33) |
The Annual General Meeting of the Company will be held at 12.30 P.M on October 31, 2011 at 404-405, 4th Floor, Business Center, Mumtaz Hassan Road, Karachi.
The Share Transfer Books of the Company will remain closed from October 24, 2011 to November 01, 2011 (both days inclusive). Transfers received at the 404-405, 4th Floor, Business Center, Mumtaz Hassan Road, Karachi at the close of business hours on October 22, 2011 will be treated in time.
For more information, contact:
Ideal Energy Limited
1088/2 Jail Road,
Faisalabad – Pakistan.
Tel: 2634902
Fax: 041 – 2619558
E-mail: arshcorp@arshadgroup.com