Zeal Pak Cement Factory Limited’s financial result for the half yearly ended December 31, 2010

Karachi: We have to inform you that the Board of Director of our company in their meeting held on Wednesday the 24th August, 2011 at 02:00 P.M. at PIC Tower 7th Floor, 32-A, Lalazar Drive, Moulvi Tamizuddin Road, Karachi recommended the following: -

(i) Cash Dividend

A final cash Dividend for the half yearly ended December 31, 2010 at Rs. Nil per share i.e. Nil %. This in addition to interim Dividend (s) already paid at Rs. Ni1 per share i.e. Nil %.

And/Or

(ii) Bonus Shares

It has been recommended by the Board of Director to issue Bonus Shares in the proportion of Nil Share(s) for every Nil share(s) held i.e. Nil % this is in addition to the interim Bonus Shares already issued @ Nil %.

And/Or

(iii) Right Shares

The Board has recommended to issue Nil % Right Shares at part/at a discount/premium of Rs. Nil per share in proportion of Nil share(s) for every Nil Share(s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

And/Or

(iv) Any Other Entitlement / Corporate Action

Nil

We have to inform you that the Board of Directors of the Company in its meeting held on August 24, 2011 has recommended the following:

Cash Dividend:        Nil

Bonus Shares:         Ni

Right Shares:         Nil

The financial result of the Company are as follows:

 

Half year ended

Quarter ended

December

December

December

December

31, 2011

31, 2009

31, 2011

31, 2009

(Rupees in ‘000)

(Rupees in ‘000)

Sales – net50,284134,235 26,64737,324
Cost of Sales(192,077)  (299,465) (125,122) (199,367)
——-  ——-    ——-——-
Gross (Loss)(141,793) (165,230)(98,475)(82,043)
Administrative expenses(5,276)  (13,865)(2,684)(6,860)
Distribution cost (291)     (1,100) (141)(611)
 ——- ——-  ——- ——-
(5,566)  (13,966)  (2,825)(7,471)
Other Operating Expenses (320)(1,147) (320)(398)
Other Operating Income   407 364  188123
   ——-——-——-   ——-
 (5,479) (14,749) (2,957)   (7,747)
Operating (Loss) (147,272)(179,979)(101,432)(89,790)
Finance Cost(31,718) (35,605) (13,980) (18,625)
 ——- ——-  ——-   ——-
(Loss) before taxation (178,990)(215,584)(115,412) (108,415)
Taxation (252)(671)(134)(186)
——- ——- ——-——-
(Loss) After taxation(179,242)(216,256)(115,546)(108,602)
 ——-  ——-  ——-——-
(Loss) per share (Rs) – Basie(0.40) (0.51)(0.26) (0.25)

 

For more information, contact:
Nouman Maqbool
Chief Financial Officer
Zeal Pak Cement Factory Limited
7th Floor, PIC Tower,
32-A, Lalazar Drive,
Moulvi Tamizuddin Road,
Karachi.
UAN: 111-111-104
Tel: 5611484-86
Fax: 5611357
Email: zpcfl@yahoo.com
Web: www.zealpak.com.pk