Dewan Cement Limited’s financial results for the half yearly, un-audited, condensed interim financial statements of the company for the period ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Monday, February 27, 2012 at 07:00 p.m. at Karachi, recommended the following:

(i) Cash Dividend                                     Nil

And/ Or

(ii) Bonus Shares                                     Nil

And/ Or

(iii) Right Shares                                    Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action           Nil

And/ Or

(v) Any Other Price-Sensitive Information             Nil

The Half Yearly, un-audited, condensed interim Financial Statements of the Company for the period ended December 31, 2011, are as follows:

 

Half Year Ended

Quarter Ended

December 31,

December 31,

December 31,

December 31,

2011

2010

2011

2010

Rupees in ‘000’

Turnover – Net 3,121,325 2,093,453 1,728,247 1,170,278
Cost of sales (2,783,589) (2,265,372) (1,505,015) (1,244,364)
——— ——— ——— ———
Gross Profit/ (loss) 337,736 (171,919) 223,232 (74,086)
Distribution cost (39,749) (33,645) (14,851) (17,405)
Administrative expenses (135,764) (107,834) (68,457) (45,386)
Other operating expenses (12,246) (154) (12,051) (15)
Other operating income 1,293 349 (1,771) (2,563)
——— ——— ——— ———
Operating Profit/ (loss) 151,270 (313,203) 126,102 (139,455)
(1,761) (1,560) (724) (731)
——— ——— ——— ———
Profit / (Loss) before taxation 149,509 (314,763) 125,378 (140,186)
Taxation -Net (19,435) (10,297) (12,086) (11,480)
——— ——— ——— ———
Profit/ (Loss) after taxation 130,074 (325,060) 113,292 (151,666)
Incremental depreciation
transferred from surplus 34,651 36,840 15,346 19,768
Related deferred tax (11,778) (10,639) (5,196) (1,840)
——— ——— ——— ———
22,873 26,201 10,150 14,928
——— ——— ——— ———
total comprehensive income for the period 152,947 (298,859) 123,442 (136,738)
——— ——— ——— ———
Earnings / (Loss) per share
Basic and diluted (Rupees) 0.33 (0.90) 0.29 (0.42)

 

For more information, Contact:
Dewan Cement Limited
7TH Floor, Block-A,
Finance and Trade Centre (FTC),
Shahrah-e-Faisal, Karachi, Pakistan
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860,
Web: www.dewangroup.com.pk

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