Home / Financial Results / Pakgen Power Limited’s financial results for the 3rd quarter ended September 30, 2011 (Un-Audited)

Pakgen Power Limited’s financial results for the 3rd quarter ended September 30, 2011 (Un-Audited)

Karachi: We have to inform you that the Board of Directors of Pakgen Power Limited (PGPL) (formerly AES Pak Gen Company Limited) in their meeting held on Tuesday the 18th of October, 2011, at 02:30 P. M. at 1-B. Aziz Avenue Canal Bank, Gulberg-V, Lahore, recommended the following:

(i) Cash Dividend                              Nil           And/ Or

(ii) Bonus Shares                              Nil           And/ Or

(iii) Right Shares                             Nil           And/ Or

(iv) Any Other Entitlement                     Nil           And/ Or

(v) Any Other Price-Sensitive Information      Nil

The profit and loss account of the Company are as follows: –

 

(Rupees in Thousand)

Period Ended

Quarter Ended

30 September

30 September

30 September

30 September

2010

2011

2010

2011
Revenue  23,567,474  16,946,221 10,136,774 2,899,210
Cost of sales  (21,750,310)  (14,782,372) (9,822,099) (2,542,880)
———- ———- ———-  ———
Gross profit 1,807,164  2,163,849  314,678 356,330
Administrative expenses (114,614) (192,008) (46,472)  (31,620)
Other operating expenses  (31,411) (161,734) (13,449) (4,700)
———-  ———- ———-  ———
1,661,139 1,810,107 250,764 320,010
Other operating income  47,268 76,636  11,807 66,975
———-  ———-  ———- ———
Profit from operations  1,708,407 1,886,742  262,261 386,985
Finance cost (531,619)  (829,677)  (206,004) (136,037)
 ———-  ———-  ———- ———
Profit before taxation 1,176,788 1,057,065 56,287 250,948
Taxation  (15,591)  (5,094) (2,380) (1,473)
 ———-  ———- ———- ———
Profit after taxation  1,161,197 1,051,971  53,877 249,475
Other comprehensive income  –  –
———- ———-  ———- ———
Total comprehensive income
For the Period 1,161,197 1,051,971 53,877 249,475
 ———- ———- ———-  ———
Earnings per share – basic and

diluted (Rupees)

3.12 2.83 0.14 0.67

 

For more information, contact:
Khalid Mahmood Chohan
Company Secretary
Pakgen Power Limited
1. B, Aziz Avenue, Canal Bank,
Gulberg V, Lahore
Tel: +92-42-35717000-98
Fax: +92-42-35717239
E-mail: pakgen@lalpir.com
Web: www.pakgenpower.com

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