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