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Ghandhara Nissan Limited’s financial results for the first quarter ended 30th September 2011

Karachi: We have to inform you that a meeting of the Board of Directors of our Company was held on 26th October 2011 at 11:00 a.m. at Ghandhara House, 109/2, Clifton, Karachi, and approved the following financial results.

Based on the recommendations the Answers to para {I} to {V} of Form-7 are Nil.

 

For the Quarter Ended

September 30,

2011

2010

Unaudited

Rupees ‘000’

Net sales and services 216,839 974,205
Cost of sales 200,453 876,616
 ——- ——-
Gross profit 16,386 97,589
Distribution cost 6,689 6,833
Administrative expenses 23,925  23,421
——- ——-
Operating profit (14,228)  67,335
Finance cost 34,105 49,610
 ——-  ——-
(48,333) 17,725
Other operating income 3,353 3,769
Share of profit / (loss) in associated company  (1,374) 5,308
 ——-  ——-
Profit/ (loss) before taxation  (46,354) 26,802
Taxation
Current  (2,283) (10,774)
Deferred
——- ——-
(2,283) (10,774)
 ——- ——-
Profit / (loss) after taxation  (48,637) 6,028
 ——- ——-
Basic and diluted earnings per share (Rupees) (1.08) 0.36

 

For more information, contact:
Aqiel Amjad Ghani
Company Secretary
Ghandhara Nissan Limited
Ghandra House 109/2, Clifton
Karachi- 75600, Pakistan
Tel: 35830251-67
Fax: 35830258
UAN: 111-190-190

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