Pakistan Telephone Cables Limited’s financial results for the year ended 30th June 2011

Karachi: We have to inform you that the Board of Directors in their meeting held today at 12:30 hours have approved Financia1Statements for the year ended June 30, 2011. The Financial results of the Company are follows;

 

June 30, 2011

June 30, 2010

Rupees

Rupees

Sales  161,932,472 163,045,890
Cost of Sales  (154,230,586) (191,612,492)
———–  ———–
Gross Profit (Loss) 7,701,886  (28,566,602)
Operating Expenses
Administrative expenses 19,283,406 18,695,518
Selling, and distribution 3,232,149 2,558,616
 ———– ———–
 (22,315,555) (21,254,134)
  ———– ———–
Operating Profit (Loss)  (14,813,669) (49,820,736)
Finance Cost   (24,870,374)  (21,632,391)
 ———– ———–
(39,684,043)  (71,453,127)
Other Income/ (Charges)  616,066 (16,551,767)
 ———–  ———–
Profit (Loss) Before Taxation (39,067,977) (88,004,894)
Provision for Taxation
Current (2,500,359) (389,048)
Deferred 818,159 (9,739,803)
———–  ———–
  (1,682,200)  (10,128,85l)
———–  ———–
Profit/ (Loss) After Taxation  (40,750,177) (98,133,745)
———–  ———–
(Loss) per share-basic and diluted  (1.94)  (4.67)
———– ———–
Dividend Nil Nil

 

The 28th Annual General Meeting (AGM) of the Company will be held on December 22, 2011 at 10:30 hours at its Registered Office. The Share Transfer Books of the Company will remain closed from 15-12-2011 to 22-12-2011 (both days inclusive). We will be sending you 300 copies of printed Accounts for distribution amongst the members of the Exchange 21 days before the date of AGM.

For more information, contact:
Aftab Safdaer Cheema
Chief Financial Officer
Pakistan Telephone Cables Limited
E-3, Block-17, Al-Raee Avenue,
Behind National Stadium, Gulshan-e-Iqbal,
Karachi-75800 (Pakistan).
UAN: 111 111 905
Ph: 3481-5840-4
Fax: 021-3480-2943
Email: info@ptccables.com
Website: www.ptc.com

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