Dadex Eternit Limited’s financial results (unaudited) for the three months ended September 30, 2011

Karachi: We have to inform you that ma Board of Directors of our company in their meeting held on October 31, 2011 at 05:00 p.m. at Dadex House 34-All, Block-6, P.E.C.H.S,, Shahrah-e-Faisal, Karachi recommended the following:

i. Cash Dividend          Nil

ii. Bonus Shares          Nil

iii. Right Shares         Nil

iv. The financial results (unaudited) of the company for the three months ended September 30, 2011 are as follows:

 

	3 Months Ended	3 Months Ended
	September 30, 2011	September 30, 2010
	(Rupees `000)
Turnover – net	628,973	424,388
Cost of sales	(432,677)	(357,356)
	——-	——-
Gross profit	96,396	67,030
Distribution costs	(68,783)	(58,323)
Administrative expenses	(32,060)	(30,482)
Other operating expenses	(2,382)	(913)
Other operating income	10,495	11,170
	——-	——-
Operating profit / (loss)	13,668	(9,518)
Finance costs	(8,651)	(10,041)
	——-	——-
Profit/ (loss) before taxation	6,015	(19,559)
Taxation	(8,720)	8,153
	——-	——-
Loss after taxation	(1,705)	(11,408)
	——-	——-
	Rupees
Loss per share – Basic and diluted	(0.18)	(1.06)

 

For more information, contact:
Zahid Mahmood
Company Secretary
Dadex Eternit Limited
Dadex House 34-A/1 Block 6,
PECHS Shahrah-e-Faisal, Karachi 75400
Tel: 92-21 111 000 789
Fax: 92-21 34315716
E-mail: info@dadex.com
Website: www.dadex.com