Karachi: We are pleased to inform you that the Board of Directors of Shakarganj Foods Limited (SKFL) in their meeting held on December 14, 2011 at Lahore have considered and approved the financial results of Shakarganj Foods Limited for the year ended June 30, 2011 and the Board of Directors recommended the following:
(i) Cash Dividend
(ii) Bonus Shares
(iii) Right Shares
(iv) Any Other Entitlement/Corporate Action
(v) Any Other Price-Sensitive Information
The financial results of the Company are attached herewith.
The Annual General Meeting of the Company will be held on January 5, 2012 at 12:00 Noon at Sun Fort Hotel, Gulberg-III, Lahore.
The Share Transfer Books of the Company will be closed from December 28, 2011 to January 5, 2012 (both days inclusive) Transfers received at the 7/3-G, Mushtaq Ahmad Gurmani Road, Gulberg-II, Lahore at the close of business on December 27, 2011 will be treated in time for the purpose of above entitlement to the transferees.
Profit and Loss Account for the Year Ended June 30, 2011
|Note||June 2011||June 2010|
|Sales and processing income||–||–|
|Cost of sale and processing||–||–|
|Remission of Long Term loans||31,837,770||–|
|Profit before taxation||31,741,370||(93,400)|
|Profit after taxation||31,741,370||(93,400)|
|Accumulated loss brought forward||(61,790,262)||(61,696,862)|
|Accumulated loss carried Forward||(30,048,892)||(61,790,262)|
|Profit/ (loss) per share – basic||7||10.58||(0.03)|
The annexed notes 1 to 11 form an integral part of these financial statements.
For more information, contact:
Shakarganj Foods Limited
10th Floor, 10-B, Block E-II
Fax: # 042-5875916