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Ideal Energy Limited’s financial results for first quarter ended September 30, 2011

Karachi: We have to inform you that the board of directors of our company in their meeting held at 1088/2 Jail road Faisalabad at 11:30 am on dated 21.10.2011 recommended the following:

ANNOUNCEMENT/ENTITLEMENT:                 NIL

The financial result as on September 30, 2011 are as under:

 

July to Sep 2011

July to Sep 2010

Rupees

Rupees

Sales  39,129,696 3,182,329
Cost of Generation (40,914,675) 4,671,348
———- ———-
Gross Loss (1,784,979) (1,489,019)
Administrative Expenses (989,471)  (812,763)
 ———- ———-
(2,774,450)  (2,301,782)
Finance Cost  (470) (375)
 ———-  ———-
Loss before taxation (2,774,920)  (2,302,157)
Provision for taxation  –  –
 ———- ———-
(2,774,920)  (2,302,157)
———-  ———-
Earnings /(Loss) Per Share-Basic  (0.35)  (0.29)

 

For more information, contact:
Ideal Energy Limited
1088/2 Jail Road,
Faisalabad, Pakistan.
Tel: 2634902
Fax: (041) 2624877
Email: arshcorp@arshadgroup.com

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