Dadex Eternit Limited’s financial results for the half year ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on February 29, 2012 at 12:00 p.m. at Dadex House, 34-A/1, Block-6, P.E.C.H.S. Shahrah-e Faisal, Karachi have recommended the following:

i. Cash Dividend           Nil

ii. Bonus Shares           Nil

iii. Right Shares          Nil

iv. The financial results (unaudited) of the Company for the Half Year ended December 31, 2011 are as follows:

 

Half Year Ended

Quarter Ended

December 3l,

December 3l,

December 3l,

December 3l,

2011

2010

2011

2011

(Rupees ‘000)

(Rupees ‘000)

Turnover – net 1,032,799 858,283 503,825 433,897
Cost of sales (838,863) (706,106) (406,286) (348,750)
——— ——- ——- ——-
Gross profit 193,936 152,177 97,540 85,147
Distribution costs (115,208) (122,389) (68,425) (88,048)
Administrative expenses (87,758) (54,710) (35,698) (24,228)
Other operating expenses (15,684) (3,129) (13,502) (6,000)
Other operating income 24,800 23,686 14,385 16,200
——— ——- ——- ——-
Operating profit / (loss) 19,066 (4,445) 6,300 5,073
Finance cost (26,667) (24,575) (18,016) (14,634)
Share of profit / (Loss) on Investment in an associate (80) (80)
——— ——- ——- ——-
Loss before taxation (6,701) (29,100) (11,716) (9,641)
Taxation 31,704 (3,577) 38,424 (11,730)
——— ——- ——- ——-
Profit / (Lose) for the period 25,003 (32,677) 26,708 (21,271)
——— ——- ——- ——-

Rupees

Rupees

Earning / (Loss) per share – Basic and diluted 2.32 (3.04) 2.48 (1.98)

 

300 copies of printed accounts for the half year ended December 21, 2011 will be sent to you for distribution amongst the members of the Exchange.

For more information, Contact:
Dadex Eternit Limited
Dadex House 34-A/1 Block 6,
P.E.C.H.S Shahrah-e-Faisal, Karachi 75400
Tel: 92-21 111 000 789
Fax: 92-21 34315716
E-mail: info@dadex.com
Website: www.dadex.com

Leave a Reply