Descon Oxychem 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 Tuesday, September 06, 2011 at 10:30 am, at Descon Hedquarters, 18-KM Ferozepur Road, Lahore have recommended the following financial results of the Company.

 

June 30, 2011June 30, 2010

(Rupees in Thousand)

Sales1,432,576709,672
Cost of goods sold (892,139)(683,402)
 ——— ———
Gross profit540,43726,270
Administrative expenses (39,970)(38,663)
Distribution and selling cost(68,571)(42,583)
Other Operating expenses (6,265) (101)
Other Operating income10,7967,039
 ———  ———
(104,010) (74,308)
Profit / (Loss) from operations 436,427(48,038)
Finance cost (351,895) (288,065)
 ——— ———
Profit / (Loss) for the taxation84,532(336,103)
Taxation95,43846,693
  ——— ———
Profit / (Loss) for the year179,970 (289,410)
 ——— ———
Profit / (loss) per share-basic and diluted 1.76(2.84)

 

For More Information Contact:
Descon Oxychem Limited
Descon Headquarters, 18-Km,
Ferozepur Road, P.O. Box 1201,
Lahore – 54760,
Pakistan.
UAN: 111 DESCON (337266)
Tel: +92 (42) 3592 3721
Fax: +92 (42) 3592 3749
Email: info@descon.com
Web: www.descon.com