Al-Abbas Cement Industries Limited’s Financial Result For The Year Ended June 30, 2011

October 3, 2011   Financial Results   No comments

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on September 30, 2011 at 4:30 PM recommended the following.

i.  Cash Dividend: NIL

AND/OR

ii.  Bonus Shares: NIL

AND/OR

iii.   Right Shares: NIL

AND/OR

iv.  Any Other Entitlement/Corporate Action: NIL

AND/OR

V. Any Other Price-Sensitive information: NIL

The Annual General Meeting of the Company will be held on Monday, 24th October, 2011 at 7 PM at Beach Luxury Hotel, Moulvi Tamizuddin Khan Road, Karachi.

The Share Transfer Books of the Company will be closed from 17th October, 2011 to 24th October, 2011 (both days inclusive). Transfers received in order at the office of our Share Registrar M/s. technology Trade, Dagia House, 241-C, Block-2, P.E.C.H.S, off Shahrah-e-Quaideen, Karachi at the close of the business on 16th October, 2011, will be considered in time for the voting at the meeting.

The Financial results of the Company are as follows:

PROFIT AND LOSS ALONG WITH COMPARATIVE FIGURES

 

Year ended
 

June 30, 2011

June 30, 2010
 

(Rupees in thousands)
Sales – net 2,220,360 2,198,443
Cost of sales (2,278,304) (2,131,027)
——— ———  
Gross (loss)/profit (57,944) 67,416
Distribution cost (280,854) (413,667)
Administrative expenses (29,693) (24,798)
Other operating income 20,540 41,740
——— ———  
Operating loss (347,951) (329,309)
Finance cost (407,674) (417,189)
——— ———  
Loss before taxation (755,625) (746,498)
Taxation (171,045) 25,883
——— ———  
Loss after taxation (926,670) (720,615)
——— ———  
Basic and diluted loss per share-Rupees (4.27) (3.94)

For more information, contact:
Al-Abbas Cement Industries Limited
Arif Habib Center 23,
M.T. Khan Road,
Karachi-74000,
Pakistan
Tel: (92-21) 32468226-8
Fax: (92-21) 32400989
E-mail: info@alabbascement.com
Website: www.alabbascement.com

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