Dadabhoy Cement Industries Limited’s announcement acknowledgement

Karachi: Financial Results for Year Ended on 30-06-2011, Dadabhoy Cement Industries Limited

We would like to inform you that the Board of Directors our Company in its meeting held on 21st November 2011 at 05:00 pm at its Head Office at Office No. 4, Second Floor, Plot No. 30-C, Ittehad Lane No, 12, Phase-II/ Ext, P.D.O.H.A, Karachi. Wherein it is recommended the following items:

(1) Cash Dividend

An interim cash dividend for the Year ended 30-06-2011 at Rs. Nil per Nil share i.e. Ni1%. This is in addition to interim dividend already paid at Rs. Nil per share Nil i.e. Nil%.,

And/ Or

(2) Bonus Shares

It has been recommended by the Board of Director to issue interim bonus share in proportion of Nil share(s) for every Nil share(s) held i.e. Nil %. This is in addition to the interim bonus share already issued @ Nil %.

And/ Or

(3) Right Shares

The Board has recommended to issuing Nil % Right Share at par/at a discount/premium of Rs: Nil per share in proportion of Nil shave(s) of every Nil share(s), the entitlement of Right Share being not declared simultaneously will not be applicable. On Bonus Shares as not declared above.

(4). AGM:- The Board has decided to hold 31st AGM of the Company on 12th December 2011 at 3.00 pm at Jinnah Club, Jinnah Cooperative Housing Society, behind KESC Office, Tipu Sultan Road, Karachi.

(5) The Board has approved the appointment of External Auditor M/s M Akhter and Co. Chartered Accountants for the ensuing year 2012 on the same remuneration.

(6) The Board has directed the Company Secretary to communicate the today’s BOD Meeting Resolution with copy of AGM notice along with the Announcement Acknowledgement Financial Results of Annual Accounts of June 2011 as per Format of Form 3, with the request to KSE authorities to publish our Co’ Financial Results on KSE in house Notice publication for the specific information for the members of KSE, LSE and ISE Exchanges of Pakistan.

The Secretary, Dadabhoy Cement Industries Limited

Profit and Loss Account for the Year Ended 30 June 2011

 

 Note

2011

2010

(Rupees in thousands)

Sales – Net3--
Cost of sales 26- -
——-——-
Gross (loss)/ profit--
Distribution Cost27--
Administrative and general expenses28 (152,799) (185,117)
Other Expenses29 (150) (1,261)
 ——- ——-
 (152,949) (186,378)
Other income301,73592,679
  ——- ——-
  (151,214)(93,699)
Share of loss from associate - (177)
Financial cost32(8)(672)
——- ——-
(Loss) before taxation(151,222)(94,548)
Taxation3315,806 37,558
  ——- ——-
Net loss after taxation (135,416) (56,990)
 ——- ——-
Earnings/ (loss) per share – Basic and diluted (Rupees)34(0.14)(0.01)

 

Consolidated Profit and Loss Account for the Year Ended 30 June 2011

 

Note

2011

2010

(Rupees in thousands)

Sales 26 - -
Cost of sales 27- -
——-——-
Gross loss--
Distribution Cost 28  - -
Administrative and general expenses 29 (161,794)(126,919)
Other Expenses30 (200)(1,294)
 ——- ——-
 (161,994)(128,313)
Other income31 10,06992,502
Share of loss from associate32 - (177)
 ——- ——-
 10,06992,325
Amortization of goodwill(1,512) (1,512)
Financial cost33 (9)(674)
——-  ——-
Profit/ (loss) for the year before taxation(153,446) (38,074)
Taxation 34 15,80637,558
 ——-——-
Net profit / (loss) after taxation (137,640) (516)
——-——-
Earnings/ (loss) per share – Basic and diluted (Rupees)35(0.14) (0.00)
 ——- ——-
Profit attributable to(137,604) (3,424)
Parent (36) 2,908
 ——- ——-
Non controlling interest – 5% (137,640) (516)

 

The annexed notes 1 to 43 form an integral part of these financial statements.

For more information, contact:
Dadabhoy Cement Industries Limited
Building No. C-30/II, 24th Commercial
Street Phase II, Extension D.H.A. Karachi
PABX: 35312004, 35312009
Fax: 5312011
E-mail: mhdadabhoygroup@hotmail.com
mhdadabhoygroup@gmail.com

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