Bawany Air Products Limited’s financial results for the year ended June 30 2011

Karachi: The Board of Directors of our Company in their meeting held on Thursday, 29th September, 2011 at 3:00 p.m. has approved the audited financial statements of the company for the year ended June 30, 2011.

Book Closure

The share transfer books of the company will remain closed from October 13, 2011 to October 26, 2011 (Both days inclusive).

Share holders are requested to send the transfer at the share department of the company at 16-C, Nadir House I.I. Chundrigar Road, Karachi before the close of business on October 13, 2011.

Annual General Meeting

The Annual General Meeting of the company will be held at the registered office of the company at Khasra No. 52/53, R.C.D. Highway, Mouza Pathra, Tehsil Hub, Lasbella District, Balochistan on Tuesday October 25, 2011 at 12:00 Noon.

The financial results of the company with Profit and Loss accounts are enclosed herewith.

Bawany Air Products Limited Profit and loss account for the Year Ended June 30, 2011

 

2011

2010

Note

Rupees

Rupees

Sales – net20195,248,098209,508,410
Cost of sales21(146,531,923)(161,321,465)
————-————-
Gross profit48,716,17548,186,945
Profit from trading activities – gases2288,108100,229
Other operating income23470,064191,278
Unrealized gain on revaluation of financial assets24,1824,766
 ————-————-
49,298,52948,483,218
Distribution cost24(5,284,020)(5,656,144)
Administrative expenses25(11,631,754) (11,959,406)
Other operating expenses26(6,712,369) (7,953,169)
Finance (cost) / income – net27(3,473,879)12,153,851
 ————-————-
Profit before taxation22,196,50735,068,380
Taxation28(9,808,653) 15,550,948
————-————-
Profit for the year12,387,85450,619,328
Other comprehensive income - -
————- ————-
Total comprehensive income for the year12,387,85450,619,328
————- ————-
Earnings per share – basic and diluted291.737.42

 

The annexed notes 1 to 36 form an integral part of these financial statements.

For more information, contact:
Sohail Razzak
Company Secretary
Bawany Air Products Limited
16-C, 2nd Floor,Nadir House I.I. Chundrigar Road, Karachi – 74200
Tel: (92-21) 32400440-3
Fax: (92-21) 32411986
Email: www.bawanyair.com