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Ghandhara Nissan Limited’s board of directors meeting

Karachi: We have to inform you that a meeting of the Board of Directors of our Company was held on Thursday, the 29th September 2011 at 10:00 A.M. at Ghandhara House, 109/2, Clifton, Karachi and approved.

The following financial results:-

Based on the recommendations the answers to Para (1) to (v) of Form-3 are Nil.

 

June 30,  June 30,

2011

2010

(Rupees in thousand)

Net revenue  2,650,068 2,402,617
Cost of sales  (2,397,795) (2,283,238)
——— ———
Gross profit 252,273 119,379
Distribution cost (30,865)  (29,807)
Administrative expenses (111,432) (106,305)
——— ———
Operating profit / (loss) 109,976  (16,733)
Finance cost (175,977) (147,328)
——— ———
(66,001)  (164,061)
Other operating income 41,938 14,245
Share of profit of associated company 8,570 26,209
———  ———
Loss before taxation  (15,493) (123,607)
Taxation 22,590 34,714
 ———  ———
Profit/ (Loss) after taxation  7,097  (88,893)
Other Comprehensive Income
———  ———
Total comprehensive income/ (loss) for the year 7,097 (88,893)
  ——— ———
Rupees
Earnings / (Loss) per share Basic and diluted 0.16 (1.98)

The Annual General Meting (AGM) of the Company will be held at 2:00 P.M. on Thursday, the 27th October 2011 at Ghandhara House, 109/2, Clifton, Karachi.

The Share Transfer Books of the Company will be closed from 24th October 2011 to 31st October 2011 (both days inclusive).

For more information, contact:
Aqiel Amjad Ghani
Company Secretary
Ghandhara Nissan Limited
Ghandhara House
109/2, Clifton,
P. O. Box No. 3812
Karachi -75600 Pakistan,
Phones: 35830251-57
UAN: 111-190-190
Fax: 35830258

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