Home / Financial Results / Ghani Gases Limited’s financial results for the year ended 30-06-2011

Ghani Gases Limited’s financial results for the year ended 30-06-2011

Karachi: We have to inform you that the Board of Directors of Ghani Gases Limited (GGL) in their meeting held on Tuesday October 04, 2011 at 03.00 P.M. (Concluded at 04:l5pm) recommended the following:

Cash Dividend:       Nil

And/ Or

Bonus Shares:        Nil

The financial results of the Company are as follows:

 

 

(Rupees in 000)

June

June

2011

2010

Gross Sales-Local 520,773 314,935
Less:
Sales tax 70,680 41,654
Excise duty 5,631 2,664
 ——- ——-
76,311 44,318
 ——- ——-
Net Sales 444,462  270,616
Cost of Sales  298,932 245,108
——-  ——-
Gross profit 145,530 25,508
Distribution Cost 63,091 52,335
Administrative expenses 46,782 51,166
Other operating expenses 6,407 2,815
 ——- ——-
116,280 106,316
 ——- ——-
29,250 (80,807)
Other income 112,883 52,820
 ——- ——-
142,133 (27,987)
Finance cost 57,120 34,571
——- ——-
Profit / (Loss) before taxation  85,013 (62,558)
Taxation 5,569 1,646
 ——- ——-
Net profit / (loss) for the year 79,444  (64,204)
——- ——-
Earnings per share-basic and diluted (rupees) 1.10 (0.89)

 

The Annual General Meeting of the Company will be held on Saturday October 29, 2011 at 11:00 AM at Lahore.

The Share Transfer Books of the Company will be closed from Friday October 21, 2011 to Friday October 28, 2011 (both days inclusive).

 

For more information, contact:
Farzand Ali
Company Secretary
Ghani Gases Limited
82-N. Model Town Ext,
Lahore 54000- Pakistan
UAN: 111-GHANI (442-841)
Ph: +92-45-35161424-5
Fax: +92-42-35160393

Leave a Reply

Scroll To Top