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
