D.S. Industries Limited’s financial results for the second quarter and half year ended December 31, 2011

Karachi: This is to inform you that the Board of Directors in its meeting held today at Registered Office of the Company has approved accounts of the Company for the half year ended December 31, 2011.

Please also note that directors have not recommended any dividend / bonus or right shares in this meeting.

Financial results of the Company for the second quarter and half year ended December 31, 2011 are being enclosed as per Annexure – A

Condensed Interim Profit and Loss Account (Un-Audited)

For the Half Year and Quarter ended December 31, 2011


Half Year Ended December, 31Quarter Ended December, 31
Cost of sales8(472,306,706)(659,186,519)(224,376,095)(348,167,674)
Gross (Loss) / Profit(4,866,329)6,803,33721,102,5454,760,455
Operating expenses
Distribution cost(549,286)(2,946,685)(369,286)(1,577,481)
Administrative expenses(12,087,616)(17,991,918)(7,073,953)(13,012,731)
Operating (Loss) / Profit(17,503,231)(14,135,266)(5,340,693)(9,829,757)
Finance cost(38,795,224)(40,039,654)(18,512,237)(19,237,810)
Other operating expenses(14,401,733)(71,239)(12,016,567)(70,000)
Other operating income235,057215,039108,059108,959
Share of (loss)/ profit of associated companies – net(2,501,229)1,689,317(1,809,736)9,387,266
Loss before Taxation(72,966,360)(52,341,803)(37,561,174)(19,641,342)
Loss after Taxation(68,065, 372)(52,142,049)(33,242,488)(20,583,644)
Loss per Share – Basic(1.13)(0.87)(0.34)(0.34)


The annexed notes form an integral part of these condensed interim financial statements.

For more information, contact:
D.S. Industries Limited
20-K, Gulberg II, Lahore, Pakistan
Ph: 092-42 5875303, 092-42 5759621, 092-42 5714810
Fax: 092-42 5710312