Mustehkam Cement 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 at 10:30 A.M. on Friday, September 30, 2011, at Bestway Building, 19-A, College Road( F-7 Markaz, Islamabad, approved the Accounts for the above period Copy of the financial results of the Company is enclosed.

Profit and Loss Account for the Year Ended 30 June 2011

 

2011

2010

Note

Rupees

Rupees

Turnover- net183,179,896,8111,462,411,953
Cost of sales193,159,361,9861,532,603,420
————-————-
Gross profit / (loss)632,534,825(70,191,467)
Administrative expenses2019,018,59557,854,763
Distribution cost2112,863,95811,944,800
Finance cost22786,608,469350,690,012
Other operating income23(20,293,055)(471,573)
 ————- ————-
 798,197,967420,018,002
————-————-
Loss before taxation (165,663,142)(490,209,469)
Taxation2492,826,077226,526,536
 ————-————-
 (72,837,065)(263,682,933)
 ————-————-
 Restated
Loss per share – basic and diluted 28 (2.12) (8.12)

 

The annexed notes 1 to 30 form an integral part of these financial statements.

For more information, contact:
Mustehkam Cement Limited
Bestway Building, 19-A,
F-7 Markaz, Islamabad
Tel: 051 265 4856-63
Fax: 051 265 4865