Home / Dividend Distribution / Al-Abbas Cement Industries Limited’s Financial Results for the Quarter Ended September 30, 2011

Al-Abbas Cement Industries Limited’s Financial Results for the Quarter Ended September 30, 2011

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

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