Bolan Castings Limited’s financial results for and upto the 2nd quarter ended December 31, 2011

KARACHI: The Board of Directors of our Company in their meeting held on February 09, 2012 considered and approved Un-Audited Accounts of the Company for and upto the 2nd quarter ended December31, 2011.

The Financial results of the Company are as follows:

 

Half-year ended

Quarter ended

December 31,

December 31,

December 31,

December 31,

2011

2010

2011

2010

(Rupees)

Turnover-net410,885,856921,795,306278,739,797521,518,030
Cost of sales(430,892,990)(782,076,262)(244,795,047)(408,961,309)
———–———–———–———–
Gross (loss)/ profit(20,007,134)139,719,04433,944,750112,556,721
———–———–———–———–
Distribution costs(10,416,670)(20,184,832)(5,571,749)(11,679,475)
Administrative expenses(17,524,446)(18,801,205)(6,510,013)(10,113,041)
———–———–———–———–
(27,941,116)(38,986,037)(12,081,762)(21,792,516)
Other operating income5,247,1674,867,9423,001,8972,965,260
———–———–———–———–
(42,701,083)105,600,94924,864,88593,729,465
Finance costs(24,480,076)(19,963,612)(13,200,920)(10,110,891)
Other charges(6,107,486)(5,949,571)
———–———–———–———–
(24,480,076)(26,071,098)(13,200,920)(16,060,462)
———–———–———–———–
(Loss) /profit before taxation(67,181,159)79,529,85111,663,96577,669,003
Taxation23,515,462(27,605,314)27,058,383(23,602,541)
———–———–———–———–
(Loss)/profit after taxation(43,665,697)51,924,53738,722,34854,066,462
———–———–———–———–
(Loss) /earnings per share – basic

and diluted

(4.19)4.983.715.18

 

For more information, Contact:
Bolan Castings Limited
F-1, S.I.T.E., Hub River Road,
Karachi – 75730 Pakistan
Tel: (0092-21)-32579819, 32579681, 32566712 -4
Fax: (0092-21)-32573558
E-mail: bclho+AEA-bclpk.com
Website: www.bolancastings.com

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