Home / Financial Results / TRG Pakistan Limited’s financial results of the year ended June 30, 2011

TRG Pakistan Limited’s financial results of the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Wednesday October 5, 2011 at 7: 00 pm at 3rd Floor, Arcadia Building, 16th East Street, Defence Phase 1, Main Korangi Road, Karachi, recommended the following:

 

i. Cash Dividend NiL
ii. Bonus Shares NiL
iii. Right Shares NiL
iv. Any Other Entitlement/Corporate Action NiL
v. Any Other Price – Sensitive Information NiL

 

 

The financial results of the company are as follows

Profit and loss account For the year ended June 30, 2011

 

June 30, 2011

June 30, 2010

(Rupees in thousand)

Revenue 593 615
Other operating expenses  (15,712)  (17,465)
Loss from operations  (15,119) (16,850)
Impairment on investement in subsidiary (55,979) (1,602,318)
Other Income 409 2,409
Finance cost (49)  (73)
——- ———
Loss for the year (70,738)  (1,616,832)
 ——-  ———
Other comprehansive income
Foreign currency translation difference 5,693 123,472
 ——- ———
Total comprehansive loss for the year (65,045) (1,493,360)
 ——- ———

(Rupee)

Loss per share – basic and diluted  (0.18) (4.20)

 

Consolidation Profit and Loss Account For the Year Ended June 30, 2011

 

June 30, 2011

June 30, 2010

(Rupees in thousand)

Revenue 10,218,657 9,494,946
Cost of service  (8,393,375)  (7,603,558)
——- ———
Gross Profit 1,825,375  1,891,388
Administrative and general expenses (2,766,797) (2,862,224)
Other Income 158,419 44,613
Other Charges (92,045) (465,469)
 ——-  ———
Operating Loss  (875,048)  (1,391,692)
Finance Cost (195,434) (204,323)
——- ———
Loss before Tax (1,070,482) (1,596,015)
Taxation  (39,666) 31,793
——- ———
Loss after Tax from Continuning Operatins (1,110,148) (1,564,222)
Discontinued Operations
(Loss) / Profit for the year from
discontinued operations (net of income tax) (226,738) 83,218
Gain on disposal of subsidiaries / operatins 469,550 (1,060,704)
——- ———
Loss for the year (867,336) (1,060,704)
Other comprehansive income / (loss)
Foreign currency translation difference (5,287)  (13,824)
——-  ———
Total comprehansive income / (loss) for the year (872,623) (1,074,528)
——-  ———
Loss attributable to:  (713,818)  (900,071)
Shareholders of the holding company  (153,518) (160,633)
 ——- ———
 (872,623) (1,074,528)
Total comprehensive income/ (Loss) attributable to:
Shareholders of the holding company (718,169)  (952,611)
Non-controlling interests  (154,454)  (121,917)
 ——-  ———
 (872,623) (1,074,528)
——- ———
(Rupees)
(Loss)/ Profit per share attributable
to shareholders of the Holding Company:
From continuing operations  (2.37) (3.53)
From discontinued operations  0.52  1.20
 ——- ———
Loss per share – baisc and diluted  (1.85)  (2.33)

 

For more information, contact:
TRG Pakistan Limited
3rd Floor, Arcade Building,
16th Floor Street,
Defence Phase 1,
Main Korangi road,
Karachi-75500 Pakistan

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