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.

 

2011 2010
Rupees Rupees
Sales 2,601,733,809 2,383,949,676
Cost of sales  (2,284,047,091)  (2,072,599,912)
 ————- ————-
Gross profit 317,686,718 311,349,764
Distribution costs  (83,019,941)  (73,688,564)
Administrative expenses (83,583,144) (100,691,461)
————-  ————-
(166,603,085) (174,380,025)
Operating Profit 151,083,633 136,969,739
Finance cost (159,159,598) (159,605,644)
Other operating expenses (35,599,218) (16,035,569)
Other operating income 27,124,126 14,053,772
————- ————-
Loss before Taxation and Share of
Loss of Associated Undertaking (16,551,057) (24,617,702)
Share of net profit / (loss) of
assocated undertaking 17,772,742 (28,564,875)
————-  ————-
Profit/ (Loss) before the taxation 1,221,685 (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

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