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Transmission Engineering Industries Limited’s financial result for the first quarter ended on 30th September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on October 29, 2011 at 5.00 p.m. recommended the following.

APPROPRIATION FOR SHAREHOLDERS:

The Board of Directors has recommended appropriation for Bonus share / Dividend NIL

FINANCIAL RESULT OF THE COMPANY ARE AS FOLLOWS:

Financial results are enclosed in a separate sheet.

PROFIT AND LOSS ACCOUNT – UNAUDITED`FOR THE QUARTER ENDED SEPTEMBER 30, 2011

 

30th September

30th September

2011

2010

Rupees

Rupees

Sales -net  10,372,831 20,616,725
Cost of sales 14,941,001 18,405,9l5
  ———-  ———-
Gross (loss) / profit  (4,568,170)  2,210,810
Operating expenses
Distribution cost 196,029 395,384
Administrative expenses  2,677,517  3,538,906
Finance cost  1,835,261  1,894,451
  ———-  ———-
4,708,807  5,828,741
Other income – net   1,044,935 649,755
———- ———-
Loss before taxation  (8,232,043)  (2,968,176)
Taxation  (112,277)  (206,167)
 ———- ———-
(Loss) /profit for the year  (8,344,320) (3,174,343)
———-  ———-
(Loss) / earnings per share – Basic and Diluted  (0.71) (0.27)

 

The annexed notes form an integral part of these financial statements.

For more information, contact:
Riaz Ahmed Chughtai
Director and Company Secretary
Transmission Engineering Industries Limited
B-14, Block-A, S.M.C.H.S.
Karachl-74400, Pakistan,
Tel: +92-21-111 000 862
Fax: +92-21-34556245
E-mail: info@transmission.eng.com
URL: www.transmission.eng.com

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