Karachi: We have to inform you that the board of directors of our company in their meeting held at 1088/2 Jail road Faisalabad at 11:00 A.M. on dated 27.02.2012 recommended the following:
Announcement/ Entitlement:- Nil
The financial results of the company for the Half Year ended December 31, 2011 are as follows:
|
Half year ended |
Quarter ended |
|||
|
31 December |
31 December |
31 December |
31 December |
|
|
2011 |
2010 |
2011 |
2010 |
|
| Rupees | Rupees | Rupees | Rupees | |
| Sales | 119,412,051 | 10,832,966 | 80,282,355 | 7,650,637 |
| Cost of sales | (124,339,825) | (13,720,572) | (83,365,360) | (9,049,224) |
| ———– | ———- | ———- | ——— | |
| Gross Loss | (4,927,774) | (2,887,606) | (3,083,005) | (1,398,587) |
| Administrative expenses | (2,085,690) | (1,873,991) | (1,096,219) | (1,061,228) |
| ———– | ———- | ———- | ——— | |
| Loss from Operations | (7,013,464) | (4,761,597) | (4,179,224) | (2,459,815) |
| Finance Cost | (49,160) | (15,086) | (48,690) | (14,711) |
| ———– | ———- | ———- | ——— | |
| Loss before Taxation | (7,062,624) | (4,776,683) | (4,227,914) | (2,474,526) |
| Provision for taxation | – | – | – | – |
| ———– | ———- | ———- | ——— | |
| Loss for the period | (7,062,624) | (4,776,683) | (4,227,914) | (2,474,526) |
| ———– | ———- | ———- | ——— | |
| Loss per share-basic | (0.88) | (0.60) | (0.53) | (0.31) |
For more information, Contact:
Ideal Energy Limited
1088/2 Jail Road,
Faisalabad, Pakistan
Fax: (041) 2619558, 2624877
Ph: (041) 2634902, 2644190
E-mail: arshcorp@arshadgroup.com