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Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on November 4, 2011 has recommended the following:
| Cash Dividend | NIL |
| Bonus Shares | NIL |
| Right Shares | NIL |
The Financial results of the Company are as follows:
Profit and loss account for the Year Ended June 30, 2011
|
2011 |
2010 |
|
|
(Rupees in 000) |
||
| Sale-Net | 338,887 | 227,757 |
| Cost of Sales | 614,977 | 608,897 |
| ——— | ——— | |
| Gross (Loss) | (276,090) | (381,140) |
| Administrative expenses | 63,569 | 104,927 |
| Distribution cost | 324 | 1,197 |
| ——— | ——— | |
| 63,893 | 106,927 | |
| Other operating | 1,295 | 4,086 |
| Other operating income | 800 | 1,595 |
| ——— | ——— | |
| 64,388 | 108,614 | |
| ——— | ——— | |
| Operating (Loss) | (340,478) | (489,754) |
| Finance cost | 43,531 | 70,836 |
| ——— | ——— | |
| (Loss) before taxation | (384,009) | (560,590) |
| Taxation | (1,698) | (1,140) |
| ——— | ——– | |
| (Loss) after taxation | (385,707) | (561,730) |
| ——— | ——— | |
| Accumulated loss brought forward | (5,189,230) | (4,687,343) |
| Transfer to accumulated loss in respect of incremental | ||
| Depreciation charged during the year on property plan and Equipment | 39,708 | 59,844 |
| ——— | ——— | |
| Accumulated loss carried forward | (5,535,229) | (5,189,230) |
| ——— | ——— | |
| Loss per share- Basic | (0.90) | (1.31) |
The annual General Meeting of the Company will be held on 30th November, 2011 at 10:00 a.m. at Haji Abdullah Haroon Muslim Gymkhana Awan-e-Saddar Road, Karachi.
Declaration of Dividend
We have to inform you that the Board of Directors of the Company in their meeting held on November 4, 2011 has recommended the following:
| Cash Dividend | NIL |
| Bonus Shares | NIL |
| Right Shares | NIL |
The Financial results of the Company are as follows:
Inter Condensed Profit and loss Account for the Quarter Ended September 30,2011
|
Un-audited |
||
|
Quarter ended |
||
|
September |
September |
|
|
30, 2011 |
30, 2010 |
|
|
(Rupees in 000) |
||
| Sales-net | 85,305 | 23,637 |
| Cost of Sales | 132,621 | 66,955 |
| ——— | ——— | |
| Gross (loss) | (47,316) | (43,318) |
| Administrative expenses | 9,126 | 2,592 |
| Distribution cost | 158 | 303 |
| ——— | ——— | |
| 9,284 | 2,895 | |
| Other operating expenses | 227 | 202 |
| Other operating income | 140 | 219 |
| ——— | ——— | |
| 9,371 | 2,878 | |
| ——— | ——— | |
| Operating (Loss) | (56,687) | (46,196) |
| Finance cost | 9,502 | 17,738 |
| ——— | ——— | |
| (Loss) before taxation | (66,189) | (63,934) |
| Taxation | (426) | (118) |
| ——— | ——— | |
| (Loss) after taxation | (66,615) | (64,052) |
| ——— | ——— | |
| Loss per share- Basic | (0.16) | (0.15) |
For more information, contact:
Nouman Maqbool
Chief Financial Officer
Zeal Pak Cement Factory Limited
7th Floor, PIC Towers, 32-A, Lalazar Drive,
Moulvi Tamizu-ud-Din Khan Road-Karachi
Tel: 5611484-86