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Tuesday, September 26th, 2017

Balochistan Glass Limited’s financial results for the second quarter ended December 31, 2011

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Karachi: We have to inform you that the Board of Directors’ of Balochistan Glass Limited (BGL) in their meeting held on February 29, 2012 at 04:00 p.m., at 12 KM, Kot Abdul Malik. Sheikhupura Road Lahore, has recommended the following;

Cash Dividend                             Nil

Bonus Shares                              Nil

Right Shares                              Nil

Any Other Entitlement/ Corporate Action   Nil

Any Other Price – Sensitive Information   Nil

Un-audited financial results of the Company for the Half Year and Second Quarter Ended December 31, 2011 (Half Yearly Accounts are attached as “Annexure”.

Condensed Interim Profit and Loss Account – (Un-audited)

For The Half Year and Quarter Ended December 31, 2011

 

For the Half Year Ended

For the Quarter Ended

 

December 31,

December 31,

December 31,

December 31,

 

2011

2010

2011

2010

 

Rupees in Thousands

Sales – Net 688,948 488,805 346,592 224,253
Cost of sales 696,561 581,912 358,729 294,807
Gross Profit loss (7,613) (93,107) (12,137) (70,554)
Administrative and Selling expenses 16,386 22,996 8,661 11,967
Operating Profit/loss (23,999) (116,103) (20,798) (82,521)
Financial charges 81,108 85,364 49,964 52,186
Loss before taxation (105,107) (201,467) (70,762) (134,707)
Taxation – Current 6,889 4,888 3,552 3,565
Taxation -Deferred (2,114) (2,332) (1,057) (1,166)
Loss after taxation (109,882) (204,023) (73,257) (137,106)
Loss per share – Basic and diluted   (Rupees) (1.28) (2.31) (0.85) (1.54)

For more information, contact:

Balochistan Glass Limited

12 KM, Sheikhupura Road,

Kot Abdul Malik, Lahore

Ph: 042-37923993

Fax: 042-37930616

Web: www.balochistanglass.com

E-mail: info@balochistanglass.com

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