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Thursday, December 14th, 2017

Azgard Nine Limited’s financial results for the period ended March 31, 2012

Be First!

Karachi: We have to inform you that the Board of Directors in their Meeting held on Monday, April 30, 2012 at 4:30 p.m. at the registered office of the Company has approved the following:

(i) Cash Dividend Nil

(ii) Bonus Shares  Nil

(iii) Right Shares Nil

The financial results of Azgard Nine Limited (ANL) Stand Alone for the period ended March 31, 2012 are as follows:

Nine Month ended

Quarter ended

March 31, 2012

March 31, 2011

March 31, 2012

March 31, 2011

Rupees

Rupees

Rupees

Rupees

Sales

8,129,880,515

7,795,385,630

3,630,039,706

2,569,767,026

Cost of Sales

(9,128,463,579)

(7,100,888,707)

(4,315,169,882)

(2,534,553,309)

————-

————-

————-

————-

Gross (Loss)/ Profit

(998,583,064)

394,496,923

(665,110,176)

35,213,707

Administrative Expenses

(389,270,825)

(361,640,865)

(112,683,550)

(112,396,822)

Selling and Distribution Expenses

(374,484,631)

(317,796,457)

(185,900,395)

(113,346,774)

Net Other (Expense)/ Income

(195,752,169)

(41,328,366)

(287,672,224)

26,866,443

————-

————-

————-

————-

Loss from Operations

(1,958,090,689)

(326,268,765)

(1,251,366,345)

(163,663,446)

Finance Cost

(2,374,622,876)

(1,575,531,185)

(872,800,814)

(570,452,988)

————-

————-

————-

————-

Loss before Taxation

(4,332,713,565)

(1,901,799,950)

(2,124,167,159)

(734,116,434)

Taxation

(84,399,030)

(80,242,355)

(37,546,765)

(26,413,877)

————-

————-

————-

————-

Loss after Taxation

(4,417,112,595)

(1,982,042,305)

(2,161,713,924)

(760,530,311)

————-

————-

————-

————-

Loss per Share- Basic and diluted

(9.71)

(4.42)

(4.75)

(1.69)

The Consolidated financial results of Azgard Nine Limited and Subsidiary for the period ended March 31, 2012 are as follows:

Nine Month ended

Quarter ended

March 31, 2012

March 31, 2011

March 31, 2012

March 31, 2011

Rupees

Rupees

Rupees

Rupees

Sales

12,663,756,337

12,245,192,103

4,742,640,933

3,237,933,708

Cost of Sales

(12,554,164,626)

(10,496,816,458)

(5,428,208,428)

(3,185,333,331)

————–

————–

————-

————-

Gross Profit/ (Loss)

109,591,711

1,748,375,645

(685,567,495)

52,600,377

Administrative Expenses

(901,834,997)

(945,377,221)

(208,675,231)

(317,447,616)

Selling and Distribution Expenses

(561,113,696)

(468,361,277)

(240,228,664)

(170,733,675)

Net Other (Expense)/ Income

(43,999,099)

(120,826,484)

(132,596,500)

228,204,650

————–

————–

————-

————-

(Loss)/ Profit from operations

(1,397,356,081)

213,810,663

(1,267,067,890)

(207,376,264)

Finance Cost

(4,186,618,199)

(2,813,927,717)

(1,712,035,628)

(1,232,007,165)

————–

————–

————-

————-

Loss before Taxation

(5,583,974,280)

(2,600,117,054)

(2,979,103,518)

(1,439,383,429)

Taxation

318,932,813

552,459,022

175,959,666

304,362,771

————–

————–

————-

————-

Loss after Taxation

(5,265,041,467)

(2,047,658,032)

(2,803,143,852)

(1,135,020,658)

————–

————–

————-

————-

Loss Per Share-Basic and diluted

(11.24)

(4.55)

(5.83)

(2.43)

For more information, Contact:
Muhammad Ijaz Haider
Company Secretary
Azgard Nine Limited
Ismail-Aiwan-E-Science,
Off: Shahrah-e-Roomi,
Lahore – 54000, Pakistan
UAN: +92 (0) 42 111 786 645
Fax: +92 (0) 42 3576 1719
Web: www.azgard.com

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