D.S. Industries Limited’s financial results for the year ended June 30, 2011

D.S. Industries Limited’s financial results for the year ended June 30, 2011

Karachi: This is to inform you that the Board of Directors in their meeting held on Friday October 7, 2011 at Registered Office of the Company have approved accounts of the Company for the year ended June 30, 2011.

Please also note that directors have not recommended any dividend / bonus or right shares in this meeting.

Financial results of the Company for the year ended June 30, 2011 are being enclosed as per Annexure – A.

Notice of Annual General Meeting is also being enclosed for your information and records.

D.S. INDUSTRIES LIMITED PROFIT AND LOSS ACCOUNT FORTHE YEAR ENDED JUNE 30, 2011

 

2011

2010

Rupees

Rupees

Sales 1,225,420,154 913,016,420
Cost of sales (1,286,556,454) (803,135,077)
————- ————-
Gross (Loss) / Profit (51,145,300) 109,931,343
Operating expenses
Distribution cost 5,663,082 6,014,064
Administrative expenses 21,728,594 19,305,063
————- ————-
 (27,391,676) (25,319,127)
 ————- ————-
Operating (Loss) / Profit (88,537,976) 84,562,215
Finance Cost  (102,170,425)  (88,072,228)
Other operating expenses  (7,323,747) (19,039,071)
Other operating income 1,183,659 332,623
Share of loss of associated companies (2,051,440) (6,420,719)
————- ————-
Loss before Taxation (198,899,929)  (28,637,179)
Taxation 6,867,634 5,255,241
 ————- ————-
Loss after Taxation (192,032,295)  (23,381,938)
————- ————-
Loss per Share – Basic  (3.20) (0.39)

 

The annexed notes form an integral part of these financial statements.

For more information, contact:
D.S. Industries Limited
20-K, Gulberg II, Lahore,
Pakistan.
Tel: 092-42 5875303
Fax: 092-42 5710312
Email: dsinds@wol.net.pk
Web: www.dsil.com.pk

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