Dandot Cement Company Limited’s financial results for the period ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their Meeting held on Friday, January 06, 2012, at 3.30 p.m. recommended the following: –

1) Cash Dividend         Nil

2) Bonus Issue           Nil

3) Right Shares          Nil

4) The financial results of the Company are attached herewith –

Profit and Loss Account for the Year Ended June 30, 2011

 

2011

2010

Rupees

Rupees

Sales (Net)
Local sales 1,073,876,351 333,669,329
————- ———–
Less: Excise duty 126,926,450 50,702,400
Sales tax 154,174,661 45,694,939
Special excise duty 12,791,608 2,381,025
Commission/discount 6,807,320 2,139,100
————- ———–
300,700,039 100,917,464
————- ———–
773,176,312 232,751,865
Export sales 534,035
————- ———–
773,176,312 233,285,900
————- ———–
Cost of sales 1,125,015,743 497,040,208
————- ———–
Gross loss (351,839,431) (263,754,308)
Distribution cost 2,952,784 1,548,906
Administrative expenses 29,727,459 30,147,270
————- ———–
32,680,243 31,696,176
————- ———–
(384,519,674) (295,450,484)
Other operating income 9,191,422 3,312,111
Other operating expenses 1,257,215 16,471,760
————- ———–
(376,585,467) (308,610,133)
Finance cost 15,444,432 248,372,182
————- ———–
Loss before taxation (392,029,899) (556,982,315)
Taxation:
Current
For the year 5,340
Prior years 7,356,921
Deferred (60,223,927) (120,862,005)
————- ———–
(52,867,006) (120,856,665)
————- ———–
Loss after taxation (339,162,893) (436,125,650)
————- ———–
Loss per share- Basic ad Diluted- Rupees (9.58) (4.60)

 

For more information, contact:
Dandot Cement Company Limited
30 Sher Shah Block,
New Garden Town Lahore, Pakistan
Tel: +92-042-5869827, 5842316
Fax: 092-042-5831846

Leave a Reply