Zeal Pak Cement Factory Limited’s declaration of dividend

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on November 4, 2011 has recommended the following:

 

Cash Dividend NIL
Bonus Shares NIL
Right Shares NIL

 

The Financial results of the Company are as follows:

Profit and loss account for the Year Ended June 30, 2011

 

2011

2010

(Rupees in 000)

Sale-Net 338,887 227,757
Cost of Sales 614,977 608,897
——— ———
Gross (Loss) (276,090) (381,140)
Administrative expenses 63,569 104,927
Distribution cost 324 1,197
——— ———
63,893 106,927
Other operating 1,295 4,086
Other operating income 800 1,595
——— ———
64,388 108,614
——— ———
Operating (Loss) (340,478) (489,754)
Finance cost 43,531 70,836
——— ———
(Loss) before taxation (384,009) (560,590)
Taxation (1,698) (1,140)
——— ——–
(Loss) after taxation (385,707) (561,730)
——— ———
Accumulated loss brought forward (5,189,230) (4,687,343)
Transfer to accumulated loss in respect of incremental
Depreciation charged during the year on property plan and Equipment 39,708 59,844
——— ———
Accumulated loss carried forward (5,535,229) (5,189,230)
——— ———
Loss per share- Basic (0.90) (1.31)

 

The annual General Meeting of the Company will be held on 30th November, 2011 at 10:00 a.m. at Haji Abdullah Haroon Muslim Gymkhana Awan-e-Saddar Road, Karachi.

Declaration of Dividend

We have to inform you that the Board of Directors of the Company in their meeting held on November 4, 2011 has recommended the following:

 

Cash Dividend NIL
Bonus Shares NIL
Right Shares NIL

 

The Financial results of the Company are as follows:

Inter Condensed Profit and loss Account for the Quarter Ended September 30,2011

 

Un-audited

Quarter ended

September

September

30, 2011

30, 2010

(Rupees in 000)

Sales-net  85,305 23,637
Cost of Sales  132,621 66,955
 ——— ———
Gross (loss) (47,316) (43,318)
Administrative expenses 9,126 2,592
Distribution cost 158  303
———  ———
9,284 2,895
Other operating expenses 227 202
Other operating income 140 219
 ——— ———
9,371 2,878
———  ———
Operating (Loss) (56,687) (46,196)
Finance cost 9,502 17,738
———  ———
(Loss) before taxation  (66,189)  (63,934)
Taxation  (426) (118)
——— ———
(Loss) after taxation  (66,615) (64,052)
———  ———
Loss per share- Basic  (0.16) (0.15)

 

For more information, contact:
Nouman Maqbool
Chief Financial Officer
Zeal Pak Cement Factory Limited
7th Floor, PIC Towers, 32-A, Lalazar Drive,
Moulvi Tamizu-ud-Din Khan Road-Karachi
Tel: 5611484-86

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