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Southern Electric Power Company Limited’s financial results for the quarter ended September the 30th 2011

Karachi: We have to inform you that the Board of Directors of Southern Electric Power Company Limited (SEPCO) in their meeting held on October the 26th 2011 at 11: 00 hours recommended the followings:

1- Cash Dividend              Nil
2- Bonus Issue                Nil
3- Right Shares               Nil
4- Any other Entitlement      Nil

 

Quarter Ended

July-Sep, 2011

July-Sep, 2010

(3 months)

(3 months)

(Rupees in thousands)

Gross revenue 1,909,101 2,316,005
Less: sales tax (225,011) (267,871)
 ——— ———
Turnover 1,684,090 2,048,134
Cost of sales  (1,835,840) (1,857,215)
——— ———
Gross (lass) /profit  (151,750) 190,919
Administrative and general expenses  (16,570)  (16,454)
Other operating income 779  3,315
Finance cost (295,685) (265,340)
 ———  ———
Loss for the period  (463,226)  (86,560)
 ———  ———
Loss per share – basic and diluted – (Rupees)  (3.39) (0.63)

 

For more information, contact:
Salman Rahim
Company Secretary
Southern Electric Power Company Limited
No.38, First Street, F-6/3,
Islamabad-44000 Pakistan
Ph: (92-51) 227 9230 – 227 9231
Fax: (92-51) 282 5465 – 227 5165

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