January 25, 2021

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Altern Energy Limited’s financial results for the half year ended December 31, 2011

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Karachi: We have to inform you that the Board of Directors of our company in their meeting held on February 16, 2012 at 10.30 am has recommended the following: (1) [...]

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on February 16, 2012 at 10.30 am has recommended the following:

(1) Cash Dividend                            NIL

(2) Bonus Shares                             NIL

(3) Right Shares                             NIL

AND/OR

(4) Any Other Entitlement/Corporate Action   NIL

AND/OR

(5) Any Other Price-Sensitive Information

Consolidated Earning Per Share     Rs. 2.08/-

Unconsolidated Earning Per Share   Rs.0.004/-

The approved Consolidated and Unconsolidated financial result s are attached herewith as “Annexure A” and “Annexure B” respectively.

 

Approved Consolidated Financial Results for Half Year Ended December 31, 2011 are as follows:

 

For the half year ended

For the quarter ended

31 December

31 December

31 December

31 December

2011

2010

2011

2010

Rupees ’000′

Revenue-net 9,008,019   8,303,886  4,503,895 3,994,701
Direct Costs    (6,583,478)   (6,110,630)    (3,290,284) (2,985,658)
 ———  ———  ———   ———
Gross profit 2,424,541     2,193,256       1,213,611 1,009,043
Administrative expenses  (50,663)  (47,252) (19,276) (19,052)
Other operating income  38,893 16,344 2,158 11,240
   ———       ———     ———         ———
Profit from operations   2,412,771   2,162,348   1,196,493 1,001,231
Finance cost  (1,225,301)   (1,297,750)   (707,228) (597,430)
———   ———  ———    ———
Profit before taxation 1,187,470   864,598    489,265 404,101
Taxation (2,733)   (3,695)   (2,094)   (2,820)
  ———     ———         ———          ———
Profit after taxation  1,184,737  860,903  487,171 401,281
   ———  ——— ———     ———
Distributable to:
Equity holders of the parent  712,329  530,196    288,742 239,609
Non-Controlling interest 472,408  330,707 198,429              161,672
  ———  ———  ———  ———
  1,184,737 860,903   487,171 401,281
  ———  ———      ———    ———
Earnings per share – basic and diluted (Rupees)    2.08 1.55 0.84 0.70

 

 

Approved Consolidated Financial Results for Half Year Ended December 31, 2011 are as follows:

 

For the half year ended

For the quarter ended

31 December

31 December

31 December

31 December

2011

2010

2011

2010

Rupees ’000′

Revenue-net  570,814 569,853    245,189  231,637
Direct Costs   (470,987)    (434,928)  (206,681) (183,626)
   ——-      ——- ——-         ——-
Gross profit 99,827  134,925     28,508  48,011
Administrative expenses   (4,881)  (7,454)      (1,995)    (2,493)
Other operating income   3,552  1,984   1,724 735
  ——-    ——-    ——-     ——-
Profit from operations   98,498   129,455  38,237   46,253
Finance cost   (96,465) (95,789)     (47,228)   (51,753)
   ——-        ——-   ——- ——-
Profit/ (loss) before taxation   2,033   33,666       (8,991)    (5,500)
Taxation   (793) (1,780)  (153)   (905)
 ——-       ——-    ——-    ——-
Profit/ (loss) after taxation       1,240     31,886      (9,144)   (6,405)
 ——-    ——-     ——-      ——-
Earnings/(loss) per share – basic and diluted (Rupees)  0.004 0.093   (0.027            (0.019)

For more information, Contact:
Altern Energy Limited
Descon Headquarters:
18-km, Ferozepur Road, Lahore,
Tel: +92-42-3599 0034,
Fax: +92-42-3581 1135

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