News Makers News From Pakistan
Karachi: We have to inform you that the Board of Directors of our company in their meeting held on October 29, 2011 at 11.00 A.M. at Karachi, recommended the following:
(i) CASH DIVIDEND
An Interim Cash Dividend for the quarter ended September 30, 2011 at Rs. Nil per share i.e. Nil %. This is in addition to Interim Dividend(s) already paid at Rs. Nil per share i.e. Nil %.
AND/OR
(ii) BONUS SHARES
It has been recommended by the Board of Directors to issue Interim Bonus shares in proportion of Nil shares(s) for every Nil share(s) held i.e. Nil %. This is in addition to the Interim Bonus Shares already issued @ Nil %.
AND/OR
(iii) RIGHT SHARES
The Board has recommended to issue Nil % Right Shares at par/at a discount/premium of Rs. Nil per share in proportion of Nil share(s) for every Nil share(s). The entitlement of right share being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.
The financial results of the Company are as follows:
|
Quarter ended |
Quarter ended |
|
|
September 30, |
September 30, |
|
|
2011 |
2010 |
|
|
(Rs. in “000″) |
(Rs. in “000″) |
|
| Sales – net | 4,018 | 64,910 |
| Cost of sales | (4,944) | (67,003) |
| —— | —— | |
| Gross (Loss) | (926) | (2,093) |
| Operating expenses (Admin and Selling) | (974) | (1,578) |
| —— | —— | |
| Operating (Loss) | (1,900) | (3,671) |
| Other operating Income | – | 40 |
| —— | —— | |
| Financial cost | (8,908) | (9,330) |
| —— | —— | |
| (8,908) | (9,290) | |
| (Loss) before taxation | (10,808) | (12,961) |
| Taxation | (40) | (325) |
| —— | —— | |
| (Loss) after taxation | (10,848) | (13,286) |
| —— | —— | |
| (Loss) per share (Rupees) | (3.19) | (3.91) |
For more information, contact:
Syed Asif Mahmood Rizvi
Company Secretary
Pak Leather Crafts Limited
15, Sector 7/A, Korangi Area,
Karachi, Pakistan.
Tel: 35064100-2
Fax: (92-21) 35060809
Email: info@pakleather.com
