Ideal Energy Limited’s financial results for the year ended June 30, 2012

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Karachi, October 5, 2012 (PPI-OT): We have to inform you that the Bond 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:

	2012	2011
	Rupees	Rupees
Sales	133,727,318	43,459,909
Cost of generation	(143,759,538)	(51,131,323)
	————–	————-
Gross (Loss)/profit	(10,032,220)	(7,671,414)
Administrative Expenses	(4,171,516)	(3,782,603)
Other Operating Expenses	(462,871)	–
	————–	————-
	(4,634,381)	(3,782,603)
	————–	————-
	(14,666,607)	(11,454,017)
Other Operating Income	96,458	–
	————–	————-
	(14,570,149)	(11,454,017)
Finance Cost	(101,909)	(68,694)
	————–	————-
(Loss)/profit before taxation	(14,672,058)	(11,522,711)
Provision for taxation	–	–
	————–	————-
(Loss)/profit for the year	(14,672,058)	(11,522,711)
	————–	————-
Loss Per Share-basic and diluted-Rupees	(1.83)	(1.44)

The Annual General Meeting of the Company will be held at 3.00 P.M. on October 31, 2012 at 404-405, 4th Floor, Business Center, Mumtaz Hassan Road, Karachi.

The Share Transfer Books of the Company will remain doted from October 24, 2012 to October 31, 2012 (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, 2012 will be treated in time.

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