Media Times Limited’s financial results for the year ended 30 June 2012

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Karachi, October 5, 2012 (PPI-OT): We have to inform you that the Board of Directors of Media Times Limited (MDTL) (“the Company”) in their meeting held at 10:30 a.m. on Friday, 05 October 2012 have recommended the followings:

Bonus Shares       :    Nil

Cash Dividend      :    Nil

Right Issue        :    Nil

A copy of Profit and Loss Account for the year ended 30 June 2012 is enclosed.

Since the company has not declared any payouts, therefore no book closure is required.

Income Statement for the Year Ended 30 June 2012

	2012	2011
	Rupees	Rupees
Revenue-Net	275,233,804	378,729,276
Direct cost	(729,931,872)	(326,925,603)
	———–	———–
Gross profit/ (loss)	(454,698,068)	51,803,673
Operating cost	(216,099,539)	(204,995,504)
	———–	———–
Operating loss	(670,797,607)	(153,191,831)
Finance cost	(57,616,230)	(82,929,801)
	———–	———–
	(728,413,837)	(236,121,632)
Other operating income	29,084,253	9,623,246
	———–	———–
Loss before taxation	(699,329,584)	(226,498,386)
Taxation	–	63,335,727
	———–	———–
Loss after taxation	(699,329,584)	(163,162,658)
	———–	———–
Loss per share – basic and diluted	(4.53)	(1.22)

For more information, contact:
Tariq Majeed
Company Secretary
Media Times Limited
103-C/II, Gulberg-III,
Lahore Pakistan,
UAN: 92- 42-111-947-947
PABX: 92-42-35757591-94
Fax: 92-42-35757590, 35877920