News Makers News From Pakistan
Karachi: We inform you that the Board of Directors of our company in their meeting held on October 19, 2011 at 4:00 PM recommended the following.
i . Cash Dividend: Nil
AND/OR
ii. Bonus Shares: Nil
AND / OR
iii. Right Shares: Nil
AND/OR
iv. Any Other Entitlement/ Corporate Action: Nil
v . Any Other Price-Sensitive Information: Nil
The financial results of the company are enclosed as Annexure-I
Al-Abbas Cement Industries Limited
Annexure-I
The Financial results of the company are as follows:
Profit and loss along with comparative figures
|
Quarter ended (Un-audited) |
||
|
September |
September |
|
|
2011 |
2010 |
|
|
——(Rupees in thousands)—— |
||
| Sales – net | 514,403 | 450,030 |
| Cost of sales | (511,672) | (472,083) |
| ———— | ———- | |
| Gross profit/(Loss) | 2,731 | (22,053) |
| Distribution cost | (34,969) | (94,545) |
| Administrative expenses | (7,621) | (4,515) |
| Other operating income | 45 | 919 |
| ———— | ———- | |
| Operating loss | (39,814) | (120,194) |
| Finance cost | (103,428) | (108,152) |
| ———— | ———- | |
| Loss before taxation | (14,342) | (228,346) |
| Taxation | (30,144) | (16,396) |
| ———— | ———- | |
| Loss after taxation | (173,386) | (211,950) |
| ———— | ———- | |
| Basic and diluted loss per share-Rupees | (0.47) | (0.58) |
For more information, contact:
Basit Habib
CFO and Company Secretary
Al-Abbas Cement Industries Limited
Arif Habib Centre, 23 M.T. Khan Road,
Karachi – 74000,
Pakistan.
Tel: (92-21) 32468226
Fax: (92-21) 32400989
Email: info@alabbbascement.com
Web: www.alabbascement.com
