Home / Financial Results / Dewan Cement Limited’s financial results for the first quarter ended September 30, 2011

Dewan Cement Limited’s financial results for the first quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on October 31, 2011 at 01:00 p.m. at Karachi, Pakistan, 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

And/Or

(v) Any Other Price – Sensitive Information     Nil

 

Quarter ended

September 30,

September 30,

2011

2010

Rupees in ‘000’

Turnover – net 1,393,078 923,175
Cost of sales  (1,278,574)  (1,021,008)
 ——— ———
Gross profit / (loss)  114,504 (97,833)
Distribution cost (24,898) (16,240)
Administrative expenses  (67,307)  (62,448)
Other operating expenses  (195)  (139)
Other operating income  3,064  2,912
——— ———
Operating profit /(loss) 25,168  (173,748)
Finance cost  (1,037)  (829)
  ———  ———
Profit / (loss) before taxation 24,131 (174,577)
Taxation – net (7,349) 1,183
———  ———
Profit / (Loss) after taxation 16,782 (173,394)
Other comprehensive Income for the period:
Incremental depreciation transferred from surplus
on revaluation of property, plant and equipment 19,305 17,072
Related deferred tax (6,582)  (5,799)
 ——— ———
12,723 11,273
 ——— ———
Total comprehensive income for the period 29,505  (162,121)
 ———  ———
Earnings / (loss) per share
Basic and diluted (Rupee) 0.04  (0.49)

 

For more  information, contact:
Haroon Iqbal
Director
Dewan Cement Limited
Finance and Trade Centre (FTC), 8th Floor Block-A,
Shahrah-e-Faisal, Karachi-Pakistan
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860
Website: www.dewangroup.com.pk

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