Balochistan Glass Limited’s financial results for the nine months & third quarter ended March 31

Karachi: We have to inform you that the Board of Directors’ of Balochistan Glass Limited (BGL) in their meeting held on April 30, 2012 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 Nine mouths & third Quarter Ended March 31, 2012 (Nine Monthly Accounts) are attached as “Annexure”.

Condensed Interim Profit and Loss Account – (Un-audited) for the Nine Months and Quarter Ended March 31, 2012

For the nine months ended

For the quarter ended

March

March

March

March

31, 2012

31, 2011

31, 2012

31, 2011

(Rupees in thousand)

Sales -Net

1,232,647

726,337

543,699

237,532

Cost of sales

1,215,860

872,936

519,299

291,024

———

——-

——-

——–

Gross profit / (loss)

16,787

(146,599)

24,400

(53,492)

Administrative and selling expenses

29,153

26,959

12,767

3,963

———

——-

——-

——–

Operating Profit/ loss

(12,366)

(173,558)

11,633

(57,455)

Financial charges

118,972

128,534

37,864

43,170

———

——-

——-

——–

Loss before taxation

(131,338)

(302,092)

(26,231)

(100,625)

Taxation – Current

12,326

7,263

5,437

2,375

Taxation – Deferred

(3,171)

(3,498)

(1,057)

(1,166)

———

——-

——-

——–

Loss after taxation

(140,493)

(305,857)

(30,611)

(101,834)

———

——-

——-

——–

Loss per share – Basic and diluted  (Rupees)

(1.64)

(3.56)

(0.36)

(1.19)

For more information, Contact:
Hasan Farooq
Company Secretary
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