News Makers News From Pakistan
Karachi: The Board of Directors of Pak Electron Limited (PAEL) in their meeting held at 11:00 A.M. on Friday October 28, 2011, at Factory Premises, 14-Kilometers Ferozepur Road, Lahore have approved the following Un-Audited Financial Results of the Company for the 3rd Quarter Ended 30-09-2011.
|
(Rupees in Thousands) |
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|
Period Ended |
Quarter Ended |
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|
September 30 |
September 30 |
September 30 |
September 30 |
|
|
2011 |
2010 |
2011 |
2010 |
|
| Revenue | 11,446,275 | 16,719,612 | 3,539,392 | 4,465,674 |
| Less: Sales Tax and Discount | 2,086,167 | 2,026,867 | 601,697 | 400,887 |
| ———- | ———- | ——— | ——— | |
| Revenue-Net | 9,360,108 | 14,692,745 | 2,937,695 | 4,064,787 |
| Cost of Sales | 7,910,620 | 11,543,161 | 2,391,971 | 3,167,295 |
| ———- | ———- | ——— | ——— | |
| Gross Profit | 1,449,488 | 3,149,584 | 545,724 | 897,492 |
| Other Operating Income | 14,904 | 29,764 | 2,529 | 14,691 |
| ———- | ———- | ——— | ——— | |
| 1,464,392 | 3,179,348 | 548,253 | 912,183 | |
| Distribution cost | 600,329 | 884,319 | 220,450 | 258,014 |
| Administrative Expenses | 445,930 | 544,323 | 146,731 | 134,093 |
| Other Operating Expenses | 19,220 | 59,240 | 12,550 | 13,663 |
| Finance Cost | 1,413,760 | 1,144,188 | 549,069 | 392,001 |
| Share of (Profit) / Loss of associate | (5,156) | 2,600 | (4,482) | 875 |
| ———- | ———- | ——— | ——— | |
| Profit/ (Loss) before Taxation | (1,020,003) | 549,878 | (385,029) | 115,287 |
| Provision for Taxation | (357,001) | 200,182 | (134,760) | 40,840 |
| ———- | ———- | ——— | ——— | |
| Profit / (Loss) for the Period | (663,002) | 349,696 | (250,269) | 74,447 |
| ———- | ———- | ——— | ——— | |
| Earnings per Share |
(Rupees) |
(Rupees) |
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| Basic | (5.85) | 2.87 | (2.19) | 0.61 |
Appointment of Directors
We have to inform you that Mr. Akber Hasan Khan Nominated by NBP u/s 182 of the Companies Ordinance 1984 in Place of Mr. Wajahat A. Baqai (Nominee NBP u/s 182 of the Companies Ordinance 1984) and Mr. M. Khurram Khawaja Nominated by NBP u/s 182 of the Companies Ordinance 1984 in Place of Mr. Rizwan Hameed (Nominee NBP u/s 182 of the Companies Ordinance 1984) have been appointed as Directors on the Board of Directors of the Company with effect from 28-10-2011.
For more information, contact:
M. Omer Farooq
Secretary
Pak Electron Limited
17- Aziz Avenue, Canal Bank,
Gulberg- V, Lahore – 54660, Pakistan
P.O. Box No: 675
Tel: 92-42-5718274-77
Fax: 92-42-5762707
E-mail: saiglogroup@saigols.com
