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Pakistan Engineering Company Limited’s financial results – quarter ended 30.09.2011

Karachi: We have to inform you that the Board of Directors of our company in the meeting held on 29.10.2011 at 11:00 Hours at Kot Lakhpat Works, Lahore of the Company, approved the following financial results for the quarter ended September 30, 2011: Rs. in Million

 

Sept. 30, 2011

Sept. 30. 2010

SALES (NET)  258,560 198,040
Cost of Goods Sold 286,366 182,084
 ——- ——-
GROSS PROFIT / (LOSS)  (27,806) 15,956
OPERATING EXPENSES
Selling and Distribution Expenses  1,706 2,993
Freight and Forwarding Expenses  2,372  3,798
General and Admin. Expenses 16,014 11,967
 ——- ——-
Total 16,014  18,758
Operating Profit (Loss) before tax (43,820)  (2,802)
Other Charges 0,116 0,245
Financial Expenses 7,807  0,934
——-  ——-
Operating Profit / (Loss)  (51,743) (3,981)
Other Income 1,704 4,492
 ——- ——-
PROFIT / (LOSS) BEFORE TAX (50,039) 0,511
Taxation  25 86 0
——- ——-
PROFIT/(LOSS) AFTER TAX  (52,625) 0,511
——-  ——-
Earnings / (LOSS) Per Share (Basic) Rs.  (9.25) 0.09

 

For more information, contact:
Mian Anwar Aziz
Company Secretary
Pakistan Engineering Company Limited
6/7, Sir Ganga Ram Trust Building,
Shahrah-e-Quaid-e-Azam,
Lahore.54000. Pakistan
Phones: (+92-42) 7320225
Fax: (+92-42) 7323108
Email: peco@peco.com.pk

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