Bolan Castings Limited’s financial results for and upto the 2nd quarter ended December 31, 2011

KARACHI: The Board of Directors of our Company in their meeting held on February 09, 2012 considered and approved Un-Audited Accounts of the Company for and upto the 2nd quarter ended December31, 2011.

The Financial results of the Company are as follows:

 

Half-year ended

Quarter ended

December 31,

December 31,

December 31,

December 31,

2011

2010

2011

2010

(Rupees)

Turnover-net 410,885,856 921,795,306 278,739,797 521,518,030
Cost of sales (430,892,990) (782,076,262) (244,795,047) (408,961,309)
———– ———– ———– ———–
Gross (loss)/ profit (20,007,134) 139,719,044 33,944,750 112,556,721
———– ———– ———– ———–
Distribution costs (10,416,670) (20,184,832) (5,571,749) (11,679,475)
Administrative expenses (17,524,446) (18,801,205) (6,510,013) (10,113,041)
———– ———– ———– ———–
(27,941,116) (38,986,037) (12,081,762) (21,792,516)
Other operating income 5,247,167 4,867,942 3,001,897 2,965,260
———– ———– ———– ———–
(42,701,083) 105,600,949 24,864,885 93,729,465
Finance costs (24,480,076) (19,963,612) (13,200,920) (10,110,891)
Other charges (6,107,486) (5,949,571)
———– ———– ———– ———–
(24,480,076) (26,071,098) (13,200,920) (16,060,462)
———– ———– ———– ———–
(Loss) /profit before taxation (67,181,159) 79,529,851 11,663,965 77,669,003
Taxation 23,515,462 (27,605,314) 27,058,383 (23,602,541)
———– ———– ———– ———–
(Loss)/profit after taxation (43,665,697) 51,924,537 38,722,348 54,066,462
———– ———– ———– ———–
(Loss) /earnings per share – basic

and diluted

(4.19) 4.98 3.71 5.18

 

For more information, Contact:
Bolan Castings Limited
F-1, S.I.T.E., Hub River Road,
Karachi – 75730 Pakistan
Tel: (0092-21)-32579819, 32579681, 32566712 -4
Fax: (0092-21)-32573558
E-mail: bclho+AEA-bclpk.com
Website: www.bolancastings.com

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