Altern Energy Limited’s financial results for the 1st quarter ended September 30, 2011

Altern Energy Limited’s financial results for the 1st quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of the Company in their Meeting held on Thursday, October 20, 2011 at 02.00 pm has approved the following financial results of the Company:

 

30 September

2011

30 September

2010

(Rupees in Thousands)

Revenue – net 325,625 338,216
Direct cost (264,305) (251,302)
———  ———
Gross profit 61,320 86,914
Administrative expenses  (2,886)  (4,811)
Other operating income 1,826 1,249
 ———  ———
Profit from operations 60,261  83,352
Finance cost  (49,237) (4,036)
——— ———
Profit before taxation 11,024 39,316
Taxation  (639)  (875)
——— ———
Profit after taxation 10,385 38,441
———  ———
Earnings per share – basic and diluted 0.03 0.11

 

The approved consolidated financial results are as follows:

 

30 September

2011

30 September

2010

(Rupees in Thousands)
Revenue -net 4,504,124 4,307,336
Direct cost  (3,293,194)  (3,124,972)
  ———  ———
Gross profit 1,210,930 1,182,364
Administrative expenses  (31,387) (28,200)
Other operating income 36,735 6,953
  ———  ———
Profit from operations 1,216,278 1,161,117
Finance cost  (518,073)  (700,620)
 ———  ———
Profit before taxation  698,205 460,497
Taxation (639) (875)
———  ———
Profit for the year 697,566 459,622
 ———  ———
Attributable to:
Equity holders of the parent 423,587 290,587
Non-controlling interest 273,979 169,035
 ———  ———
697,566 459,622
——— ———
Earnings per share – basic and diluted 1.24  0.85

 

For more information, contact:
Umer Shehzad
Company Secretary
Altern Energy Limited
Descon Headquarters:
18-km, Ferozepur Road, Lahore,
Tel: +92-42-3599 0034,
Fax: +92-42-3581 1135

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