Descon Chemicals Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Thursday, September 08, 2011 at 10.30 am, at Descon Headquarters, 18-KM Ferozepur Road, Lahore have recommended the following financial results of the Company.

 

20112010
RupeesRupees
Sales2,601,733,8092,383,949,676
Cost of sales (2,284,047,091) (2,072,599,912)
 ————-————-
Gross profit317,686,718311,349,764
Distribution costs (83,019,941) (73,688,564)
Administrative expenses(83,583,144)(100,691,461)
————- ————-
(166,603,085)(174,380,025)
Operating Profit151,083,633136,969,739
Finance cost(159,159,598)(159,605,644)
Other operating expenses(35,599,218)(16,035,569)
Other operating income27,124,12614,053,772
————-————-
Loss before Taxation and Share of
Loss of Associated Undertaking(16,551,057)(24,617,702)
Share of net profit / (loss) of
assocated undertaking17,772,742(28,564,875)
————- ————-
Profit/ (Loss) before the taxation1,221,685(53,182,577)
Taxation(20,501,776)3,773,465
 ————-————-
Net Loss for the Year (19,280,091)(49,409,112)
 ————-————-
Loss per Share-Basic(0.10) (0.25)

 

 

The Annual General Meeting of the Company will be held on Thursday October 20, 2011 at 11:00 am at Descon Headquarter, 18-Km Ferozepur Road, Lahore.

The Share Transfer Books of the Company will be closed from 13-10-2011 to 20-10-2011 (both Days inclusive).

 

For more information, contact:
Abdul Sohail
Company Secretary
Descon Chemicals Limited
Descon Headquarters,
18-KM Ferozepur Road,
Lahore – 54760,
Pakistan.
Tel: +92 (42) 3592 3721- 7
Fax: +92 (42) 3592 3749
Email: info@descon.com
Web: www.descon.com