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Financial Results

Pioneer Cement Limited’s financial results for the year ended 30 June, 2011

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held at Karachi on 26 September, 2011 recommended the following:

 

(01) Cash Dividend Nil
(02)  Bonus Issue Nil
(03) Right Shares Nil
(04) Any Other Entitlement/ Corporate Action Nil
(05) Any Other Price Sensitive Information Nil

 

The financial results of the Company are attached.

Profit and Loss Account for the Year Ended June 30, 2011

 

2011

2010

 Note

(Rupees in ’000′)

Gross turnover 28 6,941,622 5,329,223
———  ———
including special excise duty Rs 66,612,941/- (2010: Rs.32,230,209/-)] 769,157 789,420
Sales tax 858,383 636,834
Commission 41,194 30,135
———  ———
1,668,734 1,456,389
———  ———
Net turnover 5,272,888 3,872,834
Cost of sales 29 4,531,162 3,953,814
——— ———
Gross profit / (loss) 741,726  (60,980)
Distribution costs 30 150,576 158,842
Administrative expenses 31 52,321 78,835
Other operating income 32 (20,197) (20,285)
Other operating expenses  33 16,132 790
——— ———
Operating profit / (loss) 542,894 (299,162)
Finance costs 34 357,916 392,658
Exchange loss – net 113,154 167,499
 ——— ———
Profit / (loss) before taxation 71,824 (859,319)
Taxation 35 48,826  268,394
——— ———
Profit / (loss) for the year 120,650 (590,925)
——— ———
(Rupee) (Rupees)
——— ———
Earnings (loss) per share – Basic and diluted 36 0.54 (2.87)

 

The annexed notes from 1 to 44 form an integral part of these financial statements.

For more information, contact:
Pioneer Cement Limited
66- Garden Block,
New Garden Town, Lahore
Tel: 042-33831462-63
Fax: 042-35831462
Website: www.poineercement.com
Email: Shares@pioneercement.com

pioneer-cement-limited%e2%80%99s-financial-results-for-the-year-ended-30-june-2011

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