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Wednesday, June 20th, 2018

Altern Energy Limited’s financial results for the year ended June 30, 2012

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by September 18, 2012 Financial Results

Karachi, September 18, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on September 18, 2012 at 10.30 am has recommended the following:

(1) Cash Dividend                                    Nil

(2) Bonus Shares                                     Nil

(3) Right Shares                                     Nil

And/ Or

(4) Any Other Entitlement/ Corporate Action          Nil

(5) Any Other Price-Sensitive Information            Nil

Consolidated Earnings Per Share                Rs.                                   3.15

Unconsolidated Earnings Per Share                           Rs.                                  (0.11)

The approved Unconsolidated and Consolidated financial results are attached herewith as “Annexure A” and “Annexure B” respectively.

Annexure A

Unconsolidated Financial Results

30 June

30 June

2012

2011

(Rupees in Thousand)

Revenue-net

1,154,020

990,832

Direct costs

(1,001,251)

(796,787)

———

——-

Gross profit

152,769

194,045

Administrative expenses

(10,147)

(12,933)

Other Operating Income

4,644

2,558

———

——-

Profit from Operations

147,266

183,670

Finance cost

(183,924)

(191,290)

———

——-

Loss before taxation

(36,658)

(7,620)

Taxation

(327)

(434)

———

——-

Loss after taxation

(36,985)

(8,054)

———

——-

Loss per share-basic and diluted-‘Rupees’

(0.11)

(0.02)

Annexure B

Consolidated Financial Results

30 June 30 June
2012 2011
(Rupees in Thousand)
Revenue-net

17,915,755

16,127,550

Direct cost

(13,649,189)

(11,595,978)

———-

———-

Gross profit

4,266,566

4,531,572

Administrative expenses

(127,716)

(89,573)

Other operating expenses

Other operating income

82,938

59,333

———-

———-

Profit from operations

4,221,788

4,501,332

Finance cost

(2,397,166)

(3,173,254)

———-

———-

Profit before taxation

1,824,622

1,328,078

Taxation

(3,937)

(4,317)

———-

———-

Profit for the year

1,820,635

1,323,761

———-

———-

Attributable to:
equity holders of the parent

1,079,406

792,964

Non-controlling interest

741,229

530,797

———-

———-

1,820,635

1,323,761

———-

———-

Earnings per share-basic and diluted-‘Rupees’

3.15

2.31

For more information, contact:
Umer Shehzad
Company Secretary
Altern Energy Limited
Descon Headquarters:
18-km, Ferozepur Road, Lahore,
Tel: +92-42-3599 0034,
Fax: +92-42-3581 1135

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