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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on October 15, 2011 at 11:00am at Karachi recommended the following:
No Cash Dividend or Bonus Shares have been announced
The Annual General Meeting of the Company will be held on Tuesday, November 15. 2011 at Registered office of the Company Plot No: 13/4, Hattar Industrial Estate Hattar , Khyber Pakhtunkhwa.-
The Shares Transfer Books of the Company will be closed from November 08, 2011 to November 15, 2011 (both days inclusive). Transfers received at the Registrar office, Dagia House, 241-C, Block-2 P.E.C.H.S., off: Shahrah-e-Quaideen Karachi at the close of business on November 07. 2011 will be treated in time for the purpose of above entitlement to the transferees.
| Note |
2011 |
2010 |
|
|
Rupees |
Rupees |
||
| Continuing Operations | |||
| Sales | 113,632,066 | 56,604,356 | |
| Cost of Sales | 14 | (106,085,043) | (46,658,983) |
| ———– | ———- | ||
| Gross Profit | 7,547,023 | 9,945,373 | |
| ———– | ———- | ||
| Distribution Cost | 15 | (6,134,504) | (4,010,139) |
| Administrative Expenses | 16 | (11,535,493) | (4,968,046) |
| Other Operating Expenses | (340,233) | (52,731) | |
| ———– | ———- | ||
| (18,010,230) | (9,030,916) | ||
| ———– | ———- | ||
| (10,463,207) | 914,457 | ||
| ———– | ———- | ||
| Effect of Fair Value Adjustment of Long-term Financing | 15,151,669 | (135,738) | |
| Other Operating Income | 771 | 2,500,000 | |
| ———– | ———- | ||
| 15,152,440 | 2,364,262 | ||
| ———– | ———- | ||
| 4,689,233 | 3,278,719 | ||
| Finance Cost | 17 | (28,568) | (50,531) |
| ———– | ———- | ||
| Profit Before Taxation | 4,660,665 | 3,225,188 | |
| Provision For Taxation | 18 | – | 1,489,475 |
| ———– | ———- | ||
| Profit After Taxation From Continued Operations | 4,550,665 | 4,717,663 | |
| Discontinued Operations | |||
| Loss From Discontinued Operations | 19 | (24853,129) | – |
| ———– | ———- | ||
| 1,807,536 | 4,717,663 | ||
| ———– | ———- | ||
| Earnings Per Share- Basic And Diluted (Rupees) | 20 | 0.17 | 0.44 |
The annexed notes form an integral part of These financial statements
Statement under section 241 of the Companies Ordinance, 1984:
These financial statements have been signed by two directors because the chief executive officer is for the time being not in Pakistan.
For more information, contact:
Quice Food Industries Limited
Plot No. 15, Phase III,
Hattar Industrial Estate Hattar, NWFP
Ph: 0995-617780
Fax: 0995-617770
E-mail: www.info@quice.com.pk