Home / Financial Results / Grays of Cambridge (Pak) Limited’s financial results for the first quarter ended September 30, 2011

Grays of Cambridge (Pak) 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 26, 2011 at 11.00 a.m. at Small Industries Estate, Sialkot the un-audited accounts for the first quarter ended September 30, 2011 with nil declaration.

The financial results of the Company are as follow:

Quarter Ended

30 September

30 September

2011

2010

Rupees

Rupees

Sales 32,625,325 52,705,427
Cost of Sales 24,950,169 33,380,880
 ———-  ———-
Gross Profit 7,675,156 19,324,567
Distribution Cost  3,960,845 6,295,229
Administrative Expenses 4,514,542  4,146,268
Other Operating Expenses 492,084 726,245
 8,967,471 11,167,742
 ———-   ———-
(1,292,315)  8,156,825
Other Operating income 391,726 375,718
 ———- ———-
Profit from Operation  (900,589) 8,532,543
Finance Cost 92,992  197,984
 ———- ———-
(993,581) 8,334,559
Share of Loss from Associate (929,328) (4,336,711)
 ———- ———-
(Loss)/ Profit before taxation  (1,922,909) 3,997,848
Provision for Taxation
-Current 1,424,900 1,303,336
Share of tax of associate 66,615  (172,376)
———-  ———-
(1,491,515) 1,130,960
 ———-  ———-
(Loss) / Profit after Taxation   (3,414,424) 2,866,888
———- ———-
(Loss) / Earnings per Share – basic and Diluted (0.46) 0.39

For more information, contact:
Muhammad Ashraf Butt
Company Secretary
Grays of Cambridge (Pak) Limited
P. O. Box: 98, Small Industries Estate,
Sialkot – 4, Pakistan
Tel: +92-52-3563051-52
Fax: +92-52-3551252
E-mail: info@grayspak.com

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