Pak Leather Crafts Limited’s financial results for the half year ended December 31, 2011
Karachi: We have to inform you that die Board of Directors of our company in their meeting held on February 27, 2012 at 11:00 a.m. at Karachi, recommended the following:
Cash Dividend
An Interim Cash Dividend for the half year ended December 31, 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 %.
And/or
Bonus Shares
It has been recommended by the, Board of Directors to issue Interim Bonus shares in proportion of Nil share(s) for every Nil share(s) held i.e. Nil %. This is in addition to the Interim Bonus shares already issued @ Nil %.
And/or
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 shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.
The financial results of the Company are as follows:
Half Year Ended | Quarter ended | |||
Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2010 | |
(Rs. in “000”) | ||||
Sales | 4,946 | 88,541 | 928 | 23,631 |
Cost of sales | 8,828 | 98,813 | 3,116 | 31,810 |
———- | ———– | ———- | ———- | |
Gross profit/(Loss) | (3,882) | (10,272) | (2,188) | (8,179) |
Selling/Distribution/ Admin Exp | 2,235 | 3,218 | 1,253 | 1,642 |
———- | ———– | ———- | ———- | |
Operating (Loss) | (6,116) | (13,490) | (3,441) | (9,821) |
Other operating Income | 1,651 | 100 | 1,651 | 60 |
———- | ———– | ———- | ———- | |
(4,466) | (13,390) | (1,790) | (9,761) | |
Finance Cost | 17,150 | 20,384 | 9,921 | 11,054 |
———- | ———– | ———- | ———- | |
(Loss) before taxation | (21,615) | (33,774) | (11,711) | (20,815) |
Taxation- current | (49) | (443) | 9 | – |
Net (loss) after tax | (21,665) | (34,217) | (11,721) | (20,815) |
———- | ———– | ———- | ———- | |
Earnings/(Loss) per share (Rupees) | (6.37) | (10.06) | (3.45) | (6.12) |
For more information, contact:
Syed Asif Mahmood Rizvi
Company Secretary
Pak Leather Crafts Limited
Plot 15, Sector 7- Korangi Industrial Area,
Karachi. (Pakistan)
Phones: 35064100-2
Fax: (92-21) 35960809