Media Times Limited’s financial results for the period ended 30 September 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on 26 October 2011, at 04:00 p.m. at Lahore have recommended the followings:

Bonus Shares         Nil
Cash Dividend        Nil
Right Issue          Nil

Financial Results:

The financial results of the Company ire as under:

Profit and Loss Account for the period ended 30 September 2011

 

	30 September	30 September
	2011	2010
	(Rupees)	(Rupees)
Revenue – Net	66,677,661	119,814,426
Direct costs	(103,266,606)	(82,635,125)
	———–	———–
Gross profit/ (Loss)	(36,588,945)	37,179,301
Operating cost	(34,766,704)	(53,575,623)
	———–	———–
Operating loss	(71,355,649)	(21,396,322)
Finance costs	(23,338,434)	(18,135,144)
	———–	———–
	(94,694,083)	(39,531,466)
Other Operating income	482,606	26,824
	———–	———–
Loss before taxation	(94,211,477)	(39,504,642)
Taxation	33,872,086	12,443,063
	———–	———–
Total comprehensive loss for the period	(60,339,391)	(27,061,579)
	———–	———–
Loss per share – basic and diluted	(0.45)	(0.20)

 

Since the Company has not declared any payouts, therefore no book closure is required.

For more information, contact:
Nadeem Maqsood
Company Secretary
Media Times Limited
103-C/II, Gulberg-III,
Lahore Pakistan,
UAN: 92- 42-111-947-947
PABX: 92-42-35757591-94
Fax: 92-42-35757590, 35877920