Transmission Engineering Industries Limited’s financial result for the year ended on June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 5:00 p.m. on Thursday October 6, 2011 recommended the following:

Appropriation for Shareholders

The Board of Directors has approved appropriation for bonus shares and Dividend at NIL.

Financial Result of the Company are as follows:

Financial result is enclosed in a separate sheet.

Profit and loss account for the year ended June 30, 2011

 

20112010
NoteRupees Rupees
Sales – net2571,893,504108,299,019
Cost of sales2687,893,80493,769,793
 ———-———–
Gross (loss) / profit(15,836,300)14,529,226
Operating expenses
Distribution cost272,183,3672,206,145
Administrative expenses 2813,903,36311,923,032
Other operating charges29 -86,456
Finance cost 307,419,16310,126,462
 ———- ———–
23,505,89324,342,095
Other income – net317,941,7656,379,328
———- ———–
Loss before taxation(31,400,428) (3,433,541)
Taxation32(3,726,055)15,085,925
 ———-———–
(Loss)/ profit for the year(27,674,373)11,652,384
———-———–
(Loss)/ Earning per share – Basic and Diluted33 (2.37) 1.00

 

The annexed notes form an integral part of these financial statements

For more information, contact:
Transmission Engineering Industries Limited
B-14, Block-A,
S.M.C.H.S.Karachi-74400, Pakistan.
Tel: +92-21-111 000 862
Fax: +92-21-4556245
Email: info@transmission-eng.com
Web: www.transmission-eng.com