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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 5:00 p.m. on Thursday October 6, 2011 recommended the following:
Appropriation for Shareholders
The Board of Directors has approved appropriation for bonus shares and Dividend at NIL.
Financial Result of the Company are as follows:
Financial result is enclosed in a separate sheet.
Profit and loss account for the year ended June 30, 2011
| 2011 | 2010 | ||
| Note | Rupees | Rupees | |
| Sales – net | 25 | 71,893,504 | 108,299,019 |
| Cost of sales | 26 | 87,893,804 | 93,769,793 |
| ———- | ———– | ||
| Gross (loss) / profit | (15,836,300) | 14,529,226 | |
| Operating expenses | |||
| Distribution cost | 27 | 2,183,367 | 2,206,145 |
| Administrative expenses | 28 | 13,903,363 | 11,923,032 |
| Other operating charges | 29 | – | 86,456 |
| Finance cost | 30 | 7,419,163 | 10,126,462 |
| ———- | ———– | ||
| 23,505,893 | 24,342,095 | ||
| Other income – net | 31 | 7,941,765 | 6,379,328 |
| ———- | ———– | ||
| Loss before taxation | (31,400,428) | (3,433,541) | |
| Taxation | 32 | (3,726,055) | 15,085,925 |
| ———- | ———– | ||
| (Loss)/ profit for the year | (27,674,373) | 11,652,384 | |
| ———- | ———– | ||
| (Loss)/ Earning per share – Basic and Diluted | 33 | (2.37) | 1.00 |
The annexed notes form an integral part of these financial statements
For more information, contact:
Transmission Engineering Industries Limited
B-14, Block-A,
S.M.C.H.S.Karachi-74400, Pakistan.
Tel: +92-21-111 000 862
Fax: +92-21-4556245
Email: info@transmission-eng.com
Web: www.transmission-eng.com