TRG Pakistan Limited’s financial results of the year ended June 30, 2011
Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Wednesday October 5, 2011 at 7: 00 pm at 3rd Floor, Arcadia Building, 16th East Street, Defence Phase 1, Main Korangi Road, Karachi, recommended the following:
| i. | Cash Dividend | NiL |
| ii. | Bonus Shares | NiL |
| iii. | Right Shares | NiL |
| iv. | Any Other Entitlement/Corporate Action | NiL |
| v. | Any Other Price – Sensitive Information | NiL |
The financial results of the company are as follows
Profit and loss account For the year ended June 30, 2011
|
June 30, 2011 |
June 30, 2010 |
|
|
(Rupees in thousand) |
||
| Revenue | 593 | 615 |
| Other operating expenses | (15,712) | (17,465) |
| Loss from operations | (15,119) | (16,850) |
| Impairment on investement in subsidiary | (55,979) | (1,602,318) |
| Other Income | 409 | 2,409 |
| Finance cost | (49) | (73) |
| ——- | ——— | |
| Loss for the year | (70,738) | (1,616,832) |
| ——- | ——— | |
| Other comprehansive income | ||
| Foreign currency translation difference | 5,693 | 123,472 |
| ——- | ——— | |
| Total comprehansive loss for the year | (65,045) | (1,493,360) |
| ——- | ——— | |
|
(Rupee) |
||
| Loss per share – basic and diluted | (0.18) | (4.20) |
Consolidation Profit and Loss Account For the Year Ended June 30, 2011
|
June 30, 2011 |
June 30, 2010 |
|
|
(Rupees in thousand) |
||
| Revenue | 10,218,657 | 9,494,946 |
| Cost of service | (8,393,375) | (7,603,558) |
| ——- | ——— | |
| Gross Profit | 1,825,375 | 1,891,388 |
| Administrative and general expenses | (2,766,797) | (2,862,224) |
| Other Income | 158,419 | 44,613 |
| Other Charges | (92,045) | (465,469) |
| ——- | ——— | |
| Operating Loss | (875,048) | (1,391,692) |
| Finance Cost | (195,434) | (204,323) |
| ——- | ——— | |
| Loss before Tax | (1,070,482) | (1,596,015) |
| Taxation | (39,666) | 31,793 |
| ——- | ——— | |
| Loss after Tax from Continuning Operatins | (1,110,148) | (1,564,222) |
| Discontinued Operations | ||
| (Loss) / Profit for the year from | ||
| discontinued operations (net of income tax) | (226,738) | 83,218 |
| Gain on disposal of subsidiaries / operatins | 469,550 | (1,060,704) |
| ——- | ——— | |
| Loss for the year | (867,336) | (1,060,704) |
| Other comprehansive income / (loss) | ||
| Foreign currency translation difference | (5,287) | (13,824) |
| ——- | ——— | |
| Total comprehansive income / (loss) for the year | (872,623) | (1,074,528) |
| ——- | ——— | |
| Loss attributable to: | (713,818) | (900,071) |
| Shareholders of the holding company | (153,518) | (160,633) |
| ——- | ——— | |
| (872,623) | (1,074,528) | |
| Total comprehensive income/ (Loss) attributable to: | ||
| Shareholders of the holding company | (718,169) | (952,611) |
| Non-controlling interests | (154,454) | (121,917) |
| ——- | ——— | |
| (872,623) | (1,074,528) | |
| ——- | ——— | |
| (Rupees) | ||
| (Loss)/ Profit per share attributable | ||
| to shareholders of the Holding Company: | ||
| From continuing operations | (2.37) | (3.53) |
| From discontinued operations | 0.52 | 1.20 |
| ——- | ——— | |
| Loss per share – baisc and diluted | (1.85) | (2.33) |
For more information, contact:
TRG Pakistan Limited
3rd Floor, Arcade Building,
16th Floor Street,
Defence Phase 1,
Main Korangi road,
Karachi-75500 Pakistan
Category: Financial Results
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