Descon Chemicals Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Friday, October 21, 2011 at 03:00 pm, at Descon Headquarters, 18-KM Ferozepur Road Lahore have recommended the following financial results of the Company

 

Quarter ended

September 30,

September 30,

2011

2010

(Rupees in Thousands)

Sales-net649,955637,566
Cost of sales(598,045) (553,550)
————-———–
Gross profit / (Loss)51,90984,016
7.99%13,18%
Operation Expenses:
Distribution costs (13,813)(25,035)
Administrative expenses(11,461)(17,556)
 ————-———–
(25,274) (42,591)
 ————-————
Operating Profit / (Loss)26,63541,425
Other operating expenses(335)(380)
Finance cost (36,526(43,069)
Other operating income11,5422,600
————-———–
Profit / (Loss) before Taxation1,299576
Share of net profit / profit / (loss) of Associated 369 –
undertaking
————-————
Profit / (Loss) before the taxation1,668576
Taxation (6,500)(6,375)
 ————- ————
Profit / (Loss) after Taxation for the period (4,832)(5,799)
————-————
Loss per Share-Basic(0.02) (0.03)

 

For more information, contact:
Abdul Sohail
Company Secretary
Descon Chemicals Limited
Descon Headquarters, 18-Km,
Ferozepur Road, P.O. Box 1201,
Lahore – 54760, Pakistan,
UAN: 111 DESCON (337266)
T: +92 (42) 3592 3721- 7
F: +92(42) 3592 3749
E: Info@descon.com
Web: www.descon.com