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
1 min readKarachi: 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 |
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|
December 31, |
December 31, |
December 31, |
December 31, |
|
|
2011 |
2010 |
2011 |
2010 |
|
|
Unaudited |
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|
(Rs. in ‘000) |
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| 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