Dewan Farooque Motors Limited’s financial results for the half yearly, un-audited, condensed interim financial statements of the company for the period ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Monday, February 27, 2012 at 04:00 p.m. at Karachi, recommended the following:

(i) Cash Dividend                                     Nil

And/ Or

(ii) Bonus Shares                                     Nil

And/ Or

(iii) Right Shares                                    Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action           Nil

And/ Or

(v) Any Other Price-Sensitive Information             Nil

The Half Yearly, un-audited, condensed interim Financial Statements of the Company for the period ended December31, 2011, are as follows:

 

Half Year Ended

Quarter Ended

December 31,

December 31,

December 31,

December 31,

2011

2010

2011

2010

Unaudited

(Rs. in ‘000)

Gross Sales388196,97157133,849
Sales tax5428,385919,286
Special Excise Duty-1,618-1,118
Commission and discounts-3,060-1,650
——-——-————–
5433,063-22,054
——-——-————–
Net Sales334163,90858111,795
Cost of sales99,592303,87850,257221,905
——-——-————–
Gross (Loss)(99,258)(139,970)(50,199)(110,110)
Distribution expenses31,16435,58218,94417,903
Administrative and general expenses37,95054,56115,72131,723
——-——-————–
69,11490,14334,66549,626
——-——-————–
Operating (Loss)(168,372)(230,113)(84,865)(159,736)
Other Income76,22074,49838,20338,056
——-——-————–
(92,152)(155,615)(46,661)(121,680)
Finance cost273771104308
——-——-————–
(Loss) before Taxation(92,425)(156,386)(46,765)(121,988)
Taxation-835(3)567
——-——-————–
Net (Loss) for the Period(92,425)(157,221)(46,762)(122,555)
——-——-————–
Basic (Loss) per share (Rupee)(0.98)(1.05)(0.56)(0.66)

 

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.

For more information, Contact:
Dewan Farooque Motors Limited
7TH Floor, Block-A,
Finance and Trade Centre (FTC),
Shahrah-e-Faisal, Karachi, Pakistan
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860,
Web: www.dewangroup.com.pk