Home / Financial Results / Metropolitan Steel Corporation Limited’s financial results for the quarter ended September 30, 2011

Metropolitan Steel Corporation Limited’s financial results for the 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 31, 2011 at 3:30 pm at Plot No, HE-1 Landhi Industrial Area Landhi Karachi, recommended the following:

(i) Cash Dividend          Nil

(ii)Bonus Shares           Nil

(iii) Right Shares         Nil

Profit and Loss account (unaudited) for the Quarter Ended September 30, 2011

 

 Note

September

September

2011

2010

Rupees in ‘000′

Net sales 273,450 346,954
Cost of’ sales 266,722 308,374
——- ——-
Gross profit  6,728  38,580
Administrative expenses 4,838 6,351
Selling expenses  2,278 3,755
 ——- ——-
 7,116 10,106
 ——-  ——-
Operating profit  (388)  28,474
 60 59
——-  ——-
Other income (328) 28,533
Financial charges  (35,455) 33,162
Other charges (101) 139
 ——- ——-
 (35,556)  33,301
 ——- ——-
Profit before taxation  (36,212) (4,768)
Taxation – Turn over  (2,734) (3,470)
——- ——-
Net profit/ (Loss) after taxation (38,946)  (8,238)
——- ——-
Earnings (loss) per share (Rupees)  (0.13)  (0.03)

 

For more information, contact:
Metropolitan Steel Corporation Limited
1st Floor, Plot No.HE-1,
Landhi Industrial Area,
Karachi-75120, (Pakistan)
Tel: 65081428
Fax: 35081425
Website: www.metropolitansteel.com.pk

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