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Financial Results

Ghani Automobile Industries Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of Ghani Automobile Industries Limited (GAIL) in its Meeting held on October 05, 2011 at 10:00 A.M. at 50-L, Model Town, Ext., Lahore has recommended the following:

(i) Cash Dividend

Nil

(ii) Bonus Shares

Nil

(iii) Any Other Entitlement/ Corporate Action

Nil

(iv) Any Other Price-Sensitive Information

Nil

The Financial Results approved by the Board of Directors of the Company are as follows:

 

June 30, 2011

June 30, 2010

Rupees

Rupees

Sales – Net  429,161,758 381,699,290
Cost of sales 398,887,578 352,886,548
———– ———–
Gross profit 30,274,180 28,812,742
Administrative expenses (16,707,133)  (12,990,336)
Distribution and marketing expenses (17,064,293)  (15,196,934)
Other expenses  –  (596,109)
 ———– ———–
(33,771,426) (28,783,379)
Other operating income  17,000,000 23,130,000
 ———–  ———–
Operating profit before finance costs 13,502,754  23,159,363
Finance cost (1,574,928)  (14,643,513)
———–  ———–
(Loss) / Profit before taxation  (15,574,174) 8,515,850
Taxation 4,666,024 15,317,060
———– ———–
Profit after taxation 3,091,850 23,832,910
———–  ———–
Earning Per Share – Basic  0.15 1.19

 

The Annual General Meeting of the Company will be held on October 27, 2011 at Lahore.

The Share transfer books of the Company will remain closed from October 21, 2011 to October 27, 2011 (both days inclusive).

For more information, contact:
Ghani Automobile Industries Ltd.
Ghani Complex,49 Shadman-I, Lahore,
Punjab, Pakistan
Tel: 92-300-8483595, 2-42-7576433
Fax: 92-42-7576431

ghani-automobile-industries-limited%e2%80%99s-financial-results-for-the-year-ended-june-30-2011

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