Dewan Salman Fiber 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 06:00 p.m. at Karachi, recommended the following:

Cash dividend                               Nil

Bonus shares                                Nil

Right shares                                Nil

Any Other Entitlement/Corporate Action      Nil

Any Other Price-Sensitive Information       Nil

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

 

For The Half Year

For the Quarter Ended

December 31,

December 31,

December 31,

December 31,

2011

2010

2011

2010

(Rupees in 000)

Sales 168,673 131,218 116,033 34,314
Cost of sales 619,153 628,673 344,297 289,736
———– ———– ———– ———–
Gross Loss (450,480) (497,455) (228,264) (255,422)
Distribution cost 61,513 7,558 2,646 4,302
Administration expenses 38,512 44,904 22,574 24,433
———– ———– ———– ———–
45,025 52,462 25,220 28,735
———– ———– ———– ———–
Operating loss (495,505) (549,917) (253,484) (284,157)
Finance 78,866 13,800 50,510 152
Provision For doubtful debts 247,319
Other income (875) (2,288) (875)
———– ———– ———– ———–
325,310 11,512 49,635 152
———– ———– ———– ———–
(Loss) before taxation (820,815) (561,429) (303,119) (284,309)
Taxation
Current:
Deferred (56,636) (62,929) (28,318) (31,465)
———– ———– ———– ———–
(56,636) (62,929) (28,318) (31,465)
———– ———– ———– ———–
Loss After Taxation (764,179) (498,500) (274,801) (252,844)
———– ———– ———– ———–
Loss per share – Basic    (Rupees) (2.09) (1.36) (0.75) (0.69)
———– ———– ———– ———–
Loss per tire – Diluted   (Rupees) (1.99) (1.30) (0.72) (0.66)

 

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

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