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Sunday, January 20th, 2019

Al-Abbas Cement Industries Limited’s financial results for the third quarter and nine months period ended March 31, 2012

Be First!

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on April 25, 2012 at 4:00 PM at Arif Habib Centre, 23 M. T. Khan Road, Karachi recommended the following:

i. Cash Dividend

An Interim Cash Dividend for the Nine months period ended March 31, 2012 at Rs. Nil%. This is in addition to Interim Dividend (s) already paid at Rs. Nil per share i.e. Nil %.

And/ Or

ii. Bonus Shares

It has been recommended by the Board of Directors to issue Interim Bonus shares in the proportion of Nil share for every Nil shares held i.e. Nil %. This is in addition to the Interim Bonus Shares already issued @ Nil %.

And/ Or

iii. Right Shares

The Board has recommended to issue Nil % Right shares at par/at a discount/premium of Rs. Nil per share in proportion of Nil shares (s). The entitlement of right shares being declared simultaneously will be /will not be applicable on Bonus Shares as declared above.

And/ Or

iv. Any Other Entitlement/ Corporate Action          Nil

And/ Or

v. Any Other Price-Sensitive Information             Nil

Condensed Interim Profit and Loss Account (Un-Audited) for the Nine Months Period Ended March 31, 2012

Nine Months Ended March

Quarter Ended March

2012

2011

2012

2011

(Rupees in thousand)

Sales – net

2,040,430

1,506,144

847,172

728,482

Cost of sales

(1,828,375)

(1,528,280)

(707,017)

(692,512)

———

———

——-

——–

Gross profit/ (loss)

212,055

(22,136)

140,155

35,970

Distribution cost

(97,828)

(223,858)

(25,507)

(69,273)

Administrative expenses

(25,646)

(27,633)

(6,682)

(9,871)

Other operating income

52,763

7,171

31,016

351

———

———

——-

——–

(70,711)

(244,320)

(1,173)

(778,793)

———

———

——-

——–

Operating profit/ (loss)

141,344

(266,456)

138,982

(42,823)

Finance cost

(303,078)

(310,788)

(88,993)

(103,595)

———

———

——-

——–

(Loss)/profit before taxation

(161,734)

(577,244)

49,989

(146,418)

Taxation

(126,202)

(51,113)

(4,376)

(4,058)

———

———

——-

——–

(Loss)/profit after taxation

(287,936)

(628,357)

45,613

(150,476)

———

———

——-

——–

Basic and diluted (loss) /earnings per
share-Rupees

(0.79)

(3.44)

0.12

(0.82)

Yours truly,

For Al-Abbas Cement Industries Limited (AACIL)

Basit Habib

Chief Financial Officer &

Company Secretary

We are enclosing the financial results approved by the Board of Directors of Al-Abbas Cement Industries Limited for the third quarter / nine months ended March 31, 2012.

For more inforamtion, Contact:
Basit Habib
Chief Financial Officer &
Company Secretary
Al-Abbas Cement Industries Limited
Arif Habib Center 23, M.T. Khan
Karachi – 74000, Pakistan
Ph: (92-21) 32468231-2
Fax: (92-21) 32463209
E-mail: info@alabascement.com
Web: www.alabbascement.com

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