Ados Pakistan Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on October 31, 2011 at 1:00 P.M at its registered office at #88, Khayaban-e-Iqbal, F-8/2, Islamabad, recommended the following

(i) Cash Dividend

An Interim Cash Dividend for the quarter ended September 30, 2011 at Rs 0 per share i.e. 0%.

The financial results of the Company are enclosed as “Annexure I”

Profit and Loss Account Un-Audited] for the Quarter Ended September 30, 2011

 

September 30

September 30

2011

2010

Note

Rupees

Rupees

Revenue320,745,577 191,386,457
Cost of sales/services4 (19,083,784) (15,558,236)
  ———- ———–
Gross profit/ (Loss)1,661,79431,828,221
Administrative and Selling expenses (11,071,115)(11,808,968)
 ———- ———–
Profit/ (Loss) from operations (9,409,321)20,019,253
Other income/ (Loss) (3,516,762)22,182,698
Financial cost (217,956)           (38,386)
 ———- ———–
 (13,144,038)424,163,566
Workers’s Profit Participation Fund and worker’s Welfare Fund-(2,863,385)
———-———–
Profit/ (Loss) before income tax (13,144,039) 39,300,181
Taxation (207,456) (13,783,692)
 ———- ———–
Profit/ (Loss) after taxation (13,351,495) 25,516,489
  ———- ———–
Earnings per share (2.03) 3.88

 

For more information, contact:
Sheikh Usman Ahmed
Director
Ados Pakistan Limited
88. Khayaban-e-Iqbal. F-8/2,
P. O. Box: 1416. Islamabad – Pakistan
Tel: +92-51-2264308 and 2255560,
FAX: +92-51-2281678,
E-MAIL: ados@akbarassociates.com