Transmission Engineering Industries Limited’s financial results for the third quarter ended on March 31, 2012

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 5:00 p.m. on, April 28, 2012 and concluded on 30th April, 2012 recommended the following:

Appropriation for Shareholders:

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

Financial Results of the Company are Follows:

Financial results is enclosed in a separate sheet.

Transmission Engineering Industries Limited Condensed interim income Statement (Un-Audited) for the third Quarter Ended March 31, 2012

Nine monthsQuarterNine months
NoteJuly 11-Mar-2012Jan-MarchJuly 2010-Mar-2011
Sales – net

14,514,469

20,754,007

57,838,778

Cost of sales11

34,955,933

20,698,277

56,051,966

———-

———-

———-

Gross profit

(20,441,464)

55,730

1,786,812

Operating expenses
Distribution cost

762,117

144,696

1,516,264

Administrative

5,283,010

4,706,515

12,085,119

Finance cost

3,905,471

388,547

4,888,142

———-

———-

———-

9,950,598

5,239,758

18,549,525

Other income

2,399,275

343,300

(1,187,098)

———-

———-

———-

Profit /(loss) before taxation

(27,992,787)

(4,840,728)

(17,949,811)

Provision for Taxation

-

-

-

Current

(161,771)

-

-

Deferred

2,361,171

1,117,259

3,396,008

———-

———-

———-

Profit/(Loss) for the year

(25,793,387)

(3,736,293)

(14,553,803)

———-

———-

———-

Earning /(loss) per share-Ba

(2)

(0.32)

(1.24)

The annexed notes form an integral part of these financial statements

For more information, Contact:
Riaz Ahmed Chughtai
Company Secretary
Transmission Engineering Industries Limited
B-14, Block-A, S.M.C.H.S.
Karachl-74400, Pakistan,
Tel: +92-21-111 000 862
Fax: +92-21-34556245
E-mail: info@transmission.eng.com
URL: www.transmission.eng.com