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Karachi, April 29, 2013 (PPI-OT): We have inform you that the Board of Directors of our company in their meeting held on 29.04.2013 at 11:30 a.m. at office of State Engineering Corporation, House No. 1-C, Street 20, Perveen Shakir Road, Sector F-7/2, Islamabad approved the following financial results of the Company for the quarter ended March 31, 2013:
Rs in Million
Quarter Ended 31, March 9 Months Ended 31, March
2013 2012 2013 2012
Sales (Net) 21,413 51,218 354,433 404,090
Cost of Goods Sold 32,620 74,085 396,824 455,333
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Gross Loss (11,207) (22,867) (42,381) (51,243)
Operating Expenses
Selling and Distribution Exp. 1,364 0,843 4,054 3,070
Freight and Forwarding Exp. 0,059 1,599 0,584 4,285
General and Admin. Exp. 10,997 9,882 31,698 34,858
Total 12,420 12,324 36,336 42,213
Operating Loss (23,627) (35,191) (78,717) (93,456)
Other Charges 0,149 0,006 0,539 11,259
Financial Expenses 4,337 6,021 16,186 19,633
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(28,113) (41,218) (95,442) (124,348)
Other Income 1,538 2,023 4,164 4,563
Loss Before Tax (26,575) (39,195) (91,278) (119,786)
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Taxation-Current - - (0,174) (0,101)
- Deferred - - 22,259 24,365
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- - 22,085 24,264
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Loss After Tax- (26,575) (39,195) (69,193) (95,522)
Loss Per Share (Basic) Rs. (4.67) (6.89) (12.16) (16.79)
We will be sending you required copies of the Financial results of distribution amongst your members in due course of time.
For more information, contact:
Mian Anwar Aziz
Company Secretary
Pakistan Engineering Company Limited
6/7, Sir Ganga Ram Trust Building,
Shahrah-e-Quaid-e-Azam,
Lahore.54000. Pakistan
Phones: (+92-42) 7320225-27, 37243869,
Fax: (+92-42) 3723108
Email: info@peco.com.pk