Home / Financial Results / Dewan Cement Limited’s Financial Results for the year ended June 30, 2011

Dewan Cement Limited’s Financial Results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on September 30, 2011 at 04:30 pm at 7th Floor, Block-A, Finance and Trade Centre, Shahrah-e-Faisal, 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

The financial results of the Company are as follows:

 

2011

2010

 

Rupees in 000

Turnover – Net 5,088,836 3,494,784
Cost of sales (5,145,286) (3,800,662)
  ———— ————
Gross loss (56,450) (305,878)
Distribution cost (81,652) (120,332)
Administrative expenses (202,737) (180,579)
Other operating expenses (4,085) (4,589)
  ———— ————
(288,474) (305,500)  
  ———— ————
Operating Loss (344,924) (611,378)
Other operating Income 17,217 3,046
Finance cost (10,044) (11,153)
  ———— ————
Loss before taxation (337,751) (619,485)
Taxation – Net 24,310 3,279
  ———— ————
Loss after taxation (362,061) (622,764)
Other comprehensive income for the year:    
Revaluation carried out during the year (46,509)
Related deferred tax (1,570)
  ———— ————
  (44,939)
Incremental depreciation transferred from surplus on revaluation of property, plant and equipment 77,957 43,021
Related differed tax (26,578) (14,195)
  ———— ————
  51,379 28,826
Component of comprehensive income not reflected in equity (44,939)
  ———— ————
Total comprehensive income for the year (310,682) (593,938)
  ———— ————
Terms per share Basic and diluted (Rupees) (0.97) (1.74)

The Annual General Meeting of the Company will be held on Wednesday, October 26, 2011 at Karachi, Pakistan.

The Share Transfer Books of the Company will be closed from October 20, 2011 to October 26, 2011 (both days inclusive).

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

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