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Karachi: We have to inform you that the Board of Directors of cur Company in their Meeting held on February 28, 2012 at 3:00 P.M. at the registered office at The Climax Engineering Company Limited (CLIM), G.T. Road, Gujranwala recommended the following:
1) No Entitlement was recommended
2) The Financial Results of the Company are as follows:
The Climax Engineering Company Limited
Condensed Interim Profit and Loss Account (Un-Audited)
For The Six Months and Quarter Ended December 31, 2011
|
(Rupees in thousand) |
||
| DEC 31, | DEC 31, | |
| 2011 | 2010 | |
| Sales | 56,890 | 105,833 |
| Cost of Goods Sold | 54,586 | 97,351 |
| ——– | ——— | |
| Gross Profit | 2,304 | 8,482 |
| Operating Expenses: | ||
| Distribution and selling cost | 958 | 5,470 |
| Administrative and General | 7,871 | 9,418 |
| ——– | ——— | |
| 8,829 | 14,888 | |
| ——– | ——— | |
| Operating Loss | (6,525) | (6,406) |
| Other Operating Income | 1,129 | 208 |
| ——– | ——— | |
| (5,396) | (6,198) | |
| Finance Cost | 4,450 | 5,332 |
| ——– | ——— | |
| Loss Before Taxation | (9,846) | (11,530) |
| Taxation | 580 | 1,060 |
| ——– | ——— | |
| Loss For The Period | (10,426) | 12,590) |
| ——– | ——— | |
| Loss Per Share Basic (In Rupees) | (3.15) | (3.80) |
The Share Transfer Books of the Company was closed from February 22, 2012 to February 22, 2012 (both days inclusive). Transfers received at the share department of The Climax Engineering Company Limited, at the close of business on February 21, 2012 was treated in time for the purpose of above entitlement to the transferees.
We will be sending you 300 copies of printed Accounts for distribution amongst the members of exchange.
For more information, Contact:
The Climax Engineering Company Limited
Climax bad, G. T. Road,
GUJRANWALA, (PAKISTAN)
Phone: 92-(055) 3253612-14
Fax: 92- (055) 3254222-3257423