Pak Leather Crafts Limited’s financial results for the 1st quarter ended September 30, 2011
Karachi: We have to inform you that the Board of Directors of our company in their meeting held on October 29, 2011 at 11.00 A.M. at Karachi, recommended the following:
(i) CASH DIVIDEND
An Interim Cash Dividend for the quarter ended September 30, 2011 at Rs. Nil per share i.e. Nil %. This is in addition to Interim Dividend(s) already paid at Rs. Nil per share i.e. Nil %.
(ii) BONUS SHARES
It has been recommended by the Board of Directors to issue Interim Bonus shares in proportion of Nil shares(s) for every Nil share(s) held i.e. Nil %. This is in addition to the Interim Bonus Shares already issued @ Nil %.
(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 share(s) for every Nil share(s). The entitlement of right share being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.
The financial results of the Company are as follows:
(Rs. in “000″)
(Rs. in “000″)
|Sales – net||4,018||64,910|
|Cost of sales||(4,944)||(67,003)|
|Operating expenses (Admin and Selling)||(974)||(1,578)|
|Other operating Income||–||40|
|(Loss) before taxation||(10,808)||(12,961)|
|(Loss) after taxation||(10,848)||(13,286)|
|(Loss) per share (Rupees)||(3.19)||(3.91)|
For more information, contact:
Syed Asif Mahmood Rizvi
Pak Leather Crafts Limited
15, Sector 7/A, Korangi Area,
Fax: (92-21) 35060809