TRG Pakistan Limited’s financial results for the period ended September 30, 2011
Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Monday October 31, 2011 at 7:00 pm at 3rd Floor, Arcadia Building, 16th East Street, Defence Phase 1, Main Korangi Road, Karachi, recommended the following:
i. Cash Dividend Nil
ii. Bonus Shares Nil
iii. Right Shares Nil
iv. Any Other Entitlement / Corporate Action
Nil
v. Any Other Price-Sensitive Information
Nil
The financial results of the company are as follows:
Condensed Interim Profit and Loss Account for the Period Ended September 30, 2011
|
Three months period ended |
||
|
September 30, |
September 30, |
|
|
2011 |
2010 |
|
|
(Rupees in thousands) |
||
| Other income | 400 | 309 |
| Other operating expenses | (4,100) | (1,707) |
| Finance cost | (2) | - |
| ——— | ——— | |
| Net (loss) / profit for the period | (3,702) | (1,398) |
| ——— | ——— | |
| Other comprehensive income for the period | ||
| Currency translation difference | 14,359 | 8,206 |
| ——— | ——— | |
| Total comprehensive income for the period | 10,657 | 6,808 |
| ——— | ——— | |
| (Rupees) | ||
| Loss per share-basic | (0.010) | (0.004) |
Condensed Interim Consolidated Profit and Loss Account (Unaudited) for the Period Ended September 30, 2011
|
Three months period ended |
||
|
September 30, |
September 30, |
|
|
2011 |
2010 |
|
|
Rs. ‘000 |
Rs. ‘000 |
|
| Continuing operations | ||
| Revenue | 2,897,425 | 2,831,587 |
| Cost of services | (2,564,262) | (2,340,507) |
| ——— | ——— | |
| Gross profit | 333,163 | 491,080 |
| Administrative and general expenses | (483,548) | (727,776) |
| Other income | 1,927 | 1,162 |
| Other charges | (12,503) | (49,309) |
| ——— | ——— | |
| Operating loss | (160,961) | (284,843) |
| Finance costs | (67,050) | (53,432) |
| ——— | ——— | |
| Loss before tax | 282,011) | (338,275) |
| Taxation | (1,183) | - |
| ——— | ——— | |
| Loss after tax from continuing operations | (229,194) | (338,275) |
| Discontinued operations | ||
| Gain on sale of subsidiaries / operation | - | (509,462) |
| ——— | ——— | |
| Loss for the year | (229,194) | 171,187 |
| Other comprehensive income/ (Loss) | ||
| Net foreign exchange gains / (losses) | (46,689) | 969 |
| ——— | ——— | |
| Total comprehensive income / (loss) | (275,883) | 172,156 |
| ——— | ——— | |
| Loss attributable to: | ||
| Share holders of the holding company | (189,290) | 154,137 |
| Non-controlling interests | (39,904) | 17,050 |
| ——— | ——— | |
| (229,194) | 171,187 | |
| ——— | ——— | |
| Total Comprehensive income/ (loss) | ||
| attributable to: | ||
| Share holders of the holding company | (252,389) | 155,106 |
| Non-controlling interests | (23,494) | 17,050 |
| ——— | ——— | |
| (275,383) | 172,156 | |
| ——— | ——— | |
|
(Rupees) |
||
| Basic and diluted loss per share (Rupees) | (0.49) | 0.40 |
For more information, contact:
Syed Muhammad Talib Raza
Company Secretary and VP Shareholder Relations
TRG Pakistan Limited
The Resource Group,
7th Floor, Block B, Finance and Trade Centre,
Shahrah-e-Faisal, Karachi 74400,
Pakistan.
Ph: +92-21-111-TRG-TRG
Fax: +92-21-566-1508
Web: www.resgrp.com