Flying Cement Company Limited’s financial results for the 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 31, 2011 at 16.00 hours at 103-Fazil Road, Lahore Cantt; has approved the financial results for the 1st Quarter ended September 31, 2011.

The financial results of the Company are as follows:

 

July to Sep (Rs)

July to Sep (Rs)

2011

2010

Sales 262,022,642 54,264,064
Cost of Sales 280,072,395 85,027,848
———– ———-
Gross Profit / (Loss)  (18,049,753) (30,763,784)
Administrative Expenses (3,259,528)  (2,732,952)
Selling and Distribution (418,788)  (375,944)
———–  ———-
Operating Profit / (Loss) (21,728,069) (33,872,680)
Financial Expenses (10,594,406)  (9,712,129)
 ———–  ———-
Profit / (Loss) before Taxation  (32,322,475)  (43,584,809)
Taxation 32,807,640 14,720,666
 ———–  ———-
Profit / (Loss) after Taxation  485,165  (28,864,143)
———– ———-
Loss per Share 0.0028  (0.16)

 

For more information, contact:
Flying Cement Company Limited
103-Fazal Road, St, John Park, Lahore
Cantt Pakistan,
Ph: +92-42-36674301-5 Lines,
Fax: +92-42-3660693
E-mail: info@flyingcement.com
Website: www.flyingcement.com

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