January 24, 2021

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

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Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Monday, February 27, 2012 at 04:00 p.m. at Karachi, recommended the [...]

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Monday, February 27, 2012 at 04:00 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 December31, 2011, are as follows:

 

Half Year Ended

Quarter Ended

December 31,

December 31,

December 31,

December 31,

2011

2010

2011

2010

Unaudited

(Rs. in ‘000)

Gross Sales 388 196,971 57 133,849
Sales tax 54 28,385 9 19,286
Special Excise Duty 1,618 1,118
Commission and discounts 3,060 1,650
——- ——- —— ——–
54 33,063 22,054
——- ——- —— ——–
Net Sales 334 163,908 58 111,795
Cost of sales 99,592 303,878 50,257 221,905
——- ——- —— ——–
Gross (Loss) (99,258) (139,970) (50,199) (110,110)
Distribution expenses 31,164 35,582 18,944 17,903
Administrative and general expenses 37,950 54,561 15,721 31,723
——- ——- —— ——–
69,114 90,143 34,665 49,626
——- ——- —— ——–
Operating (Loss) (168,372) (230,113) (84,865) (159,736)
Other Income 76,220 74,498 38,203 38,056
——- ——- —— ——–
(92,152) (155,615) (46,661) (121,680)
Finance cost 273 771 104 308
——- ——- —— ——–
(Loss) before Taxation (92,425) (156,386) (46,765) (121,988)
Taxation 835 (3) 567
——- ——- —— ——–
Net (Loss) for the Period (92,425) (157,221) (46,762) (122,555)
——- ——- —— ——–
Basic (Loss) per share (Rupee) (0.98) (1.05) (0.56) (0.66)

 

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.

For more information, Contact:
Dewan Farooque Motors 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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