Karachi: The Board of Directors of our Company in their meeting held on Thursday, 29th September, 2011 at 3:00 p.m. has approved the audited financial statements of the company for the year ended June 30, 2011.
The share transfer books of the company will remain closed from October 13, 2011 to October 26, 2011 (Both days inclusive).
Share holders are requested to send the transfer at the share department of the company at 16-C, Nadir House I.I. Chundrigar Road, Karachi before the close of business on October 13, 2011.
Annual General Meeting
The Annual General Meeting of the company will be held at the registered office of the company at Khasra No. 52/53, R.C.D. Highway, Mouza Pathra, Tehsil Hub, Lasbella District, Balochistan on Tuesday October 25, 2011 at 12:00 Noon.
The financial results of the company with Profit and Loss accounts are enclosed herewith.
Bawany Air Products Limited Profit and loss account for the Year Ended June 30, 2011
|Sales – net||20||195,248,098||209,508,410|
|Cost of sales||21||(146,531,923)||(161,321,465)|
|Profit from trading activities – gases||2288,108||100,229|
|Other operating income||23||470,064||191,278|
|Unrealized gain on revaluation of financial assets||24,182||4,766|
|Other operating expenses||26||(6,712,369)||(7,953,169)|
|Finance (cost) / income – net||27||(3,473,879)||12,153,851|
|Profit before taxation||22,196,507||35,068,380|
|Profit for the year||12,387,854||50,619,328|
|Other comprehensive income||–||–|
|Total comprehensive income for the year||12,387,854||50,619,328|
|Earnings per share – basic and diluted||29||1.73||7.42|
The annexed notes 1 to 36 form an integral part of these financial statements.
For more information, contact:
Bawany Air Products Limited
16-C, 2nd Floor,Nadir House I.I. Chundrigar Road, Karachi – 74200
Tel: (92-21) 32400440-3
Fax: (92-21) 32411986