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 – Net | 333,690 | 264,552 |
| Cost of sales | 337,832 | 287,105 |
| —— | ——- | |
| Gross loss | (4,142) | (22,553) |
| Administrative and selling expenses | 7,725 | 11,029 |
| —— | ——- | |
| Operating loss | (11,867) | (33,582) |
| Financial charges | 31,144 | 33,178 |
| Other Income | 8,666 | - |
| —— | ——- | |
| Loss before taxation | (34,345) | (66,760) |
| Taxation | 2,280 | 157 |
| —— | ——- | |
| 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