AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, April 19, 2013 (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 10:30 a.m. on dated 19.04.2013 recommended the following:
Announcement/ Entitlement:- Nil
The financial results of the company for the Third Quarter ended March 31, 2013 are as follows:
|
July-Mar |
July-Mar |
Jan-Mar |
Jan-Mar |
|
|
2013 |
2012 |
2013 |
2012 |
|
|
Rupees |
Rupees |
Rupees |
Rupees |
|
| Sale |
138,397,168 |
133,727,318 |
40,121,988 |
14,315,267 |
| Cost of sales |
(148,092,888) |
(142,676,484) |
(44,163,343) |
(18,336,659) |
|
———– |
———– |
———- |
———- |
|
| Gross Loss |
(9,695,720) |
(8,949,166) |
(4,041,355) |
(4,021,392) |
| Administrative expenses |
(2,906,759) |
(3,026,560) |
(863,631) |
(940,870) |
|
———– |
———– |
———- |
———- |
|
|
(12,602,479) |
(11,975,726) |
(4,904,986) |
(4,962,262) |
|
| Other operating income |
218,491 |
96,458 |
– |
96,458 |
|
———– |
———– |
———- |
———- |
|
| Loss from Operations |
(12,383,988) |
(11,879,268) |
(4,904,986) |
(4,865,804) |
| Finance cost |
(58,916) |
(51,060) |
(4,362) |
(1,900) |
|
———– |
———– |
———- |
———- |
|
| Loss for the period before taxation |
(12,442,904) |
(11,930,328) |
(4,909,348) |
(4,867,704) |
| Provision for taxation |
– |
– |
– |
– |
|
———– |
———– |
———- |
———- |
|
| Loss for the period |
(12,442,904) |
(11,930,328) |
(4,909,348) |
(4,867,704) |
|
———– |
———– |
———- |
———- |
|
| Loss per share-basic |
(1.56) |
(1.49) |
(0.61) |
(0.61) |
For more information, contact:
Company Secretary
Ideal Energy Limited
1088/2 Jail Road,
Faisalabad, Pakistan
Fax: (041) 2619558, 2624877
Ph: (041) 2634902, 2644190
E-mail: arshcorp@arshadgroup.com