Ghandhara Nissan Limited’s board of directors meeting

Karachi: We have to inform you that a meeting of the Board of Directors of our Company was held on Thursday, the 29th September 2011 at 10:00 A.M. at Ghandhara House, 109/2, Clifton, Karachi and approved.

The following financial results:-

Based on the recommendations the answers to Para (1) to (v) of Form-3 are Nil.

 

June 30, June 30,

2011

2010

(Rupees in thousand)

Net revenue 2,650,0682,402,617
Cost of sales (2,397,795)(2,283,238)
——————
Gross profit252,273119,379
Distribution cost(30,865) (29,807)
Administrative expenses(111,432)(106,305)
——————
Operating profit / (loss)109,976 (16,733)
Finance cost(175,977)(147,328)
——————
(66,001) (164,061)
Other operating income41,93814,245
Share of profit of associated company8,57026,209
——— ———
Loss before taxation (15,493)(123,607)
Taxation22,59034,714
 ——— ———
Profit/ (Loss) after taxation 7,097 (88,893)
Other Comprehensive Income--
——— ———
Total comprehensive income/ (loss) for the year7,097(88,893)
  ——————
Rupees
Earnings / (Loss) per share Basic and diluted0.16(1.98)

The Annual General Meting (AGM) of the Company will be held at 2:00 P.M. on Thursday, the 27th October 2011 at Ghandhara House, 109/2, Clifton, Karachi.

The Share Transfer Books of the Company will be closed from 24th October 2011 to 31st October 2011 (both days inclusive).

For more information, contact:
Aqiel Amjad Ghani
Company Secretary
Ghandhara Nissan Limited
Ghandhara House
109/2, Clifton,
P. O. Box No. 3812
Karachi -75600 Pakistan,
Phones: 35830251-57
UAN: 111-190-190
Fax: 35830258