Ghandhara Industries Limited’s financial result for the period ended 30th June 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on September 29, 2011 at 02:00 P.M. at Karachi, have not recommended cash dividend, bonus shares, right shares or any other entitlement / corporate action.

The financial results of the Company are as follows:

 

2011

2010

Net Sales1,631,2082,086,520
Cost of Sales(1,457,028)(1,789,728)
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Gross Profit174,180296,793
Distribution expenses(56,844)(71,469)
Administration expenses(54,214)(41,677)
Other operating expenses (1,355)(11,079)
Other operating income5,2813,140
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Profit from operations 67,048175,707
Finance Cost  (59,201)(57,779)
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Profit before tax7,847117,928
Taxation (102)17,635
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Profit after taxation7,745135,563
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Earning per share – basic and diluted (Rupees)0.366.36

 

The Annual General Meeting of the Company will be held on Monday, October 24, 2011 at 10:00 A.M. at F-3 Ghandhara Industries Ltd, Hub Chauki Road, S.I.T.E, Karachi

The Share Transfer Books of the Company will be closed from October 15, 2011 to October 24, 2011 (both days inclusive). Transfer received in order by the Shares Registrar of the Company M/s. Hameed Majeed Associates (Pvt.) Ltd., 5th Floor, Karachi Chambers, Hasrat Mohani Road, Karachi at the close of business on October 14, 2011 will be treated in time for the purpose of attendance of Annual General Meeting.

 

For more information, contact:
Iftikhar Ahmed Khan
Company Secretary
Ghandhara Industries Limited
F-3, Hub Chauki Road, S.I.T.E
Post Box No. 2706
Karachi-75730, Pakistan
Tel: 32560083-86
Fax: 92-21-32560090
Web: www.gil.com.pk