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Tuesday, February 20th, 2018

Pak Electron Limited’s financial results for the 3rd quarter ended September 30, 2011

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Karachi: The Board of Directors of Pak Electron Limited (PAEL) in their meeting held at 11:00 A.M. on Friday October 28, 2011, at Factory Premises, 14-Kilometers Ferozepur Road, Lahore have approved the following Un-Audited Financial Results of the Company for the 3rd Quarter Ended 30-09-2011.

 

(Rupees in Thousands)

Period Ended

Quarter Ended

September 30

September 30

September 30

September 30

2011

2010

2011

2010

Revenue   11,446,275 16,719,612 3,539,392   4,465,674
Less: Sales Tax and Discount   2,086,167 2,026,867  601,697  400,887
  ———-  ———-  ———  ———
Revenue-Net  9,360,108 14,692,745  2,937,695 4,064,787
Cost of Sales 7,910,620 11,543,161 2,391,971  3,167,295
———-  ———-  ———  ———
Gross Profit  1,449,488 3,149,584 545,724  897,492
Other Operating Income 14,904 29,764 2,529 14,691
  ———-  ———-   ——— ———
 1,464,392 3,179,348 548,253   912,183
Distribution cost  600,329   884,319  220,450  258,014
Administrative Expenses  445,930 544,323 146,731  134,093
Other Operating Expenses 19,220   59,240 12,550 13,663
Finance Cost  1,413,760  1,144,188   549,069 392,001
Share of (Profit) / Loss of associate  (5,156)  2,600   (4,482)  875
———- ———-  ———  ———
Profit/ (Loss) before Taxation   (1,020,003)   549,878  (385,029)  115,287
Provision for Taxation  (357,001)  200,182  (134,760) 40,840
 ———-  ———-  ——— ———
Profit / (Loss) for the Period  (663,002) 349,696  (250,269)  74,447
 ———-  ———-  ———   ———
Earnings per Share

(Rupees)

(Rupees)

Basic  (5.85)  2.87   (2.19) 0.61

 

Appointment of Directors

We have to inform you that Mr. Akber Hasan Khan Nominated by NBP u/s 182 of the Companies Ordinance 1984 in Place of Mr. Wajahat A. Baqai (Nominee NBP u/s 182 of the Companies Ordinance 1984) and Mr. M. Khurram Khawaja Nominated by NBP u/s 182 of the Companies Ordinance 1984 in Place of Mr. Rizwan Hameed (Nominee NBP u/s 182 of the Companies Ordinance 1984) have been appointed as Directors on the Board of Directors of the Company with effect from 28-10-2011.

For more information, contact:
M. Omer Farooq
Secretary
Pak Electron Limited
17- Aziz Avenue, Canal Bank,
Gulberg- V, Lahore – 54660, Pakistan
P.O. Box No: 675
Tel: 92-42-5718274-77
Fax: 92-42-5762707
E-mail: saiglogroup@saigols.com

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