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Mustehkam Cement 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 at 10:30 A.M. on Monday, October 30, 2011, at Bestway Building, 19-A, College Road, F-7 Markaz, Islamabad, approved the Accounts for the above period. Copy of the financial results of the Company is enclosed.

Condensed Interim Profit and Loss Accounts – Unaudited For the Quarter Ended 30 September 2011

 

Quarter ended

30 September

2011

2010

Rupees

Rupees

Turnover – net 1,006,476,659 796,114,968
Cost of Sales 819,962,528 667,903,126
————-  ————-
Gross profit 187,414,131 128,811,842
Administrative expenses  3,173,381 2,579,293
Distribution cost  3,158,582 3,300,839
Finance cost 180,690,700 190,985,723
Other operating income (5,447,117) (2,237,396)
————- ————-
181,575,546 194,628,459
————- ————-
Profit, (loss) before taxation 5,838,585 (65,816,617)
Taxation – Current  (10,867,530) (7,967,150)
– Deferred  (14,246,969) 20,539,408
 ————- ————-
Loss for the period (19,275,914) (53,244,360)
————- ————-
LOSS PER SHARE (basic and diluted)  (0.15) (1.28)

 

The annexed notes 1 to 8 form an integral part of these condensed interim financial information.

For more information, contact:
Mustehkam Cement Limited
Bestway Building, 19-A,
F-7 Markaz, Islamabad
Tel: 051 265 4856-63
Fax: 051 265 4865

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