Balochistan Glass Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors’ of Balochistan Glass Limited (BGL) in their meeting held on October 31, 2011 at 04:00 pm, at 12 KM, Kot Abdul Malik, Sheikhupura Road Lahore, has recommended the following:

(i) Cash Dividend

Nil

(ii) Bonus Shares

Nil

(iii) Right Shares

Nil

(iv) Any Other Entitlement/ Corporate Action

Nil

v) Any Other Price-Sensitive Information

Nil

Un-audited financial results of the Company for the Quarter Ended September 30, 2011 (Quarterly Accounts) are attached as “Annexure”.

 

Profit and Loss Account for the Quarter Ended September 30, 2011

 

September

September

30, 2011

30, 2010

(Rupees in thousands)

Sales – Net333,690264,552
Cost of sales337,832287,105
—— ——-
Gross loss(4,142) (22,553)
Administrative and selling expenses7,72511,029
—— ——-
Operating loss(11,867)(33,582)
Financial charges 31,14433,178
Other Income8,666 -
 ————-
Loss before taxation(34,345) (66,760)
Taxation 2,280157
 —— ——-
Loss after taxation (36,625) (66,917)
 —— ——-
Loss per share – Basic and diluted (Rupees) (0.43) (0.78)

 

For more information, contact:
Balochistan Glass Limited
12 KM, Sheikhupura Road,
Kot Abdul Malik, Lahore
Ph: 042-37923993
Fax: 042-37930616
Web: www.balochistanglass.com
E-mail: info@balochistanglass.com