Lafarge Pakistan Cement Limited’s financial results for the year ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their Meeting held on Wednesday, March 28, 2012 at 04:30 p.m. approved the audited accounts for the year ended December 31, 2011. No dividend or bonus was recommended by the Board. The financial results of the Company during the year were as follows:

 

2011 2010
Rupees Rupees
Net Sales 7,804,378,438 6,880,766,785
Cost of Sales (6,148,726,404) (6,024,857,146)
————- ————-
Gross Profit 1,655,652,034 855,909,639
Distribution cost (246,475,806) (491,859,027)
Administrative expenses (487,678,005) (408,652,307)
Other operating expenses (3,881,256) (6,109,517)
Other operating income 55,626,606 112,402,527
————- ————-
(682,408,461) (794,218,324)
————- ————-
Operating Profit 973,243,573 61,691,315
Finance Costs (1,064,479,595) (980,678,084)
————- ————-
Before Taxation (91,236,022) (918,986,769)
Taxation (27,184,995) (29,508,468)
————- ————-
Net Loss for the Year (118,421,017) (948,495,237)
————- ————-
Other Comprehensive income for the year - -
Total Comprehensive Loss for the Year (118,421,017) (948,495,237)
————- ————-
Loss per share – basic (0.09) (0.72)

 

The complete financial statements are being emailed separately. The Annual General Meeting (AGM) of the Company will be held on Friday, April 27, 2012. The Share Transfer Books of the Company will be closed from 21-04-2012 to 27-04-2012 (both days inclusive) to determine entitlement for attending AGM.

For more information, contact:
Bilal Hamid Javaid
Director
Lafarge Pakistan Cement Limited
18-9, Kaghan Road,
F-8, Markaz, Islamabad – Pakistan
UAN: +92-51-111 111 722
Fax: +92-51-281 7300
URL: www.lafargepakistan.com.pk

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