Zeal Pak Cement Factory Limited’s financial result for the half yearly ended December 31, 2010

Karachi: We have to inform you that the Board of Director of our company in their meeting held on Wednesday the 24th August, 2011 at 02:00 P.M. at PIC Tower 7th Floor, 32-A, Lalazar Drive, Moulvi Tamizuddin Road, Karachi recommended the following: –

(i) Cash Dividend

A final cash Dividend for the half yearly ended December 31, 2010 at Rs. Nil per share i.e. Nil %. This in addition to interim Dividend (s) already paid at Rs. Ni1 per share i.e. Nil %.

And/Or

(ii) Bonus Shares

It has been recommended by the Board of Director to issue Bonus Shares in the proportion of Nil Share(s) for every Nil share(s) held i.e. Nil % this is in addition to the interim Bonus Shares already issued @ Nil %.

And/Or

(iii) Right Shares

The Board has recommended to issue Nil % Right Shares at part/at a discount/premium of Rs. Nil per share in proportion of Nil share(s) for every Nil Share(s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

And/Or

(iv) Any Other Entitlement / Corporate Action

Nil

We have to inform you that the Board of Directors of the Company in its meeting held on August 24, 2011 has recommended the following:

Cash Dividend:        Nil

Bonus Shares:         Ni

Right Shares:         Nil

The financial result of the Company are as follows:

 

Half year ended

Quarter ended

December

December

December

December

31, 2011

31, 2009

31, 2011

31, 2009

(Rupees in ‘000)

(Rupees in ‘000)

Sales – net 50,284 134,235  26,647 37,324
Cost of Sales (192,077)   (299,465)  (125,122)  (199,367)
——-   ——-     ——- ——-
Gross (Loss) (141,793)  (165,230) (98,475) (82,043)
Administrative expenses (5,276)   (13,865) (2,684) (6,860)
Distribution cost  (291)      (1,100)  (141) (611)
 ——-  ——-   ——-  ——-
(5,566)   (13,966)   (2,825) (7,471)
Other Operating Expenses  (320) (1,147)  (320) (398)
Other Operating Income    407  364   188 123
   ——- ——- ——-    ——-
 (5,479)  (14,749)  (2,957)    (7,747)
Operating (Loss)  (147,272) (179,979) (101,432) (89,790)
Finance Cost (31,718)  (35,605)  (13,980)  (18,625)
 ——-  ——-   ——-    ——-
(Loss) before taxation  (178,990) (215,584) (115,412)  (108,415)
Taxation  (252) (671) (134) (186)
——-  ——-  ——- ——-
(Loss) After taxation (179,242) (216,256) (115,546) (108,602)
 ——-   ——-   ——- ——-
(Loss) per share (Rs) – Basie (0.40)  (0.51) (0.26)  (0.25)

 

For more information, contact:
Nouman Maqbool
Chief Financial Officer
Zeal Pak Cement Factory Limited
7th Floor, PIC Tower,
32-A, Lalazar Drive,
Moulvi Tamizuddin Road,
Karachi.
UAN: 111-111-104
Tel: 5611484-86
Fax: 5611357
Email: zpcfl@yahoo.com
Web: www.zealpak.com.pk

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