November 1, 2011   Financial Results   No comments

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

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