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Safe Mix Concrete Products Limited’s financial result for the year ended June 30, 2011

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by September 30, 2011 Financial Results

Karachi: We would like to inform you that the board of Directors of our company in its meeting held on Thursday, September 29, 2011 at 11:00 at the Arif Habib Center 23, M.T. Khan Road, Karachi has approved the following financial Results.

 

Year Ended

30 June

30 June

2011

2010

(Amount in Rupees)

Net sales 502,190,123  524,383,105
Cost of Sales (473,147,535) (495,612,283)
 ———– ———–
Gross Profit 29,042,588 28,770,822
Selling Administrative Expenses (35,572,648) (27,047,021)
 ———–  ———–
Operating profit  (6,530,060) 1,723,801
Finance Cost  (13,390,554) (11,670,140)
Other Income 6,747,217 5,434,106
———– ———–
(Loss)/Profit before taxation (13,173,397) (4,512,233)
Taxation 8,206,971 (7,026,678)
 ———– ———–
Loss after taxation  (4,966,426)  (11,538,911)
———–  ———–
Loss per share-basic and diluted  (0.25)  (0.96)

 

The Board has also recommended the followings

 

Cash Dividend Nil
Bonus shares Nil
Right Shares Nil
Any Other entitlement/ corporate action Nil
Any other Sensitive information Nil

 

For more information, contact:
Wasiq Ilyas
Company Secretary
Safe Mix Concrete Products Limited
Karachi Plot#1,6,
Sector, No.26,
Bilal Chorangi Korangi Industrial Area
(Near Fire Brigade) Karachi.
Tel: +92 21 5074 581 84
Fax: +92 21 5074 603

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