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Ideal Energy Limited’s financial result for first quarter ended September 30, 2012

Karachi, October 24, 2012 (PPI-OT): We have to inform you that the board of directors of our company in their meeting held at 1088/2 Jail road Faisalabad at 11:30 am on dated at 10, 2012 recommended the following;

Announcement/ Entitlement:

NIL

The financial result as on September 30, 2012 are as under;

July to Sep 2012

July to Sep 2011

Rupees

Rupees

Sales

37,122,277

39,129,696

Cost of Generation

39,173,273

40,914,675

————-

————–

Gross Loss

(2,050,996)

(1,784,979)

Other Income

223,173

————-

————–

(1,827,823)

(1,784,979)

Administrative Expenses

906,561

989,471

————-

————–

(2,734,384)

(2,774,450)

Finance Cost

352

470

————-

————–

Loss before taxation

(2,734,736)

(2,774,920)

Provision for taxation

————-

————–

(2,734,736)

(2,774,920)

————-

————–

Earnings/ (Loss) Per Share-Basic

(0.34)

(0.35)

For more information, contact:
Ideal Energy Limited
1088/2 Jail Road,
Faisalabad, Pakistan
Fax: (041) 2619558, 2624877
Ph: (041) 2634902, 2644190

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