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
