Javedan Corporation Limited’s financial results for the year ended June 30, 2011

Javedan Corporation Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Friday1ontober 07, 2011 at 05.00 pm. Recommended “No Announcement for any Entitlement”.

The Financial results of the Company are as follows:

 

Rupees in (000)

Particulars

June 30, 2011

June 30, 2010

Turnover 610,134
Cost of Sales (657,227)
——-  ——-
Gross (Loss)/Profit  – (47,093)
Distribution Cost  (204)  (9,260)
Administrative Costs (71,625) (23,358)
Other Operating income 4,072 543,095
Other Operating expenses (797)  –
——- ——-
(Loss)/Profit before Operation (68,554) 463,384
Finance Cost (489,937) (587,424)
——- ——-
(Loss)/Profit before taxation (558,491) (124,040)
Taxation 427,645 (4,876)
——-  ——-
(Loss) after taxation (130,846) (128,916)
 ——- ——-
Basic and Diluted earnings per share-Rupees (2.25) (2.36)

 

The Annual General Meeting of the Company will be held on Saturday Oct 29, 2011 at 8:00 pm at Beach Luxury Hotel.

The Share Transfer Books of the Company will be closed from October 23, 2011 to October 29, 2011 (both days inclusive).

For more information, contact:
Masoud Ali Khan
C.F.O. and Company Secretary
Javedan Corporation Limited
Perdesi House Survey No. 2/1,
R.Y. 16, Old Queens Road,
Karachi – 74000.
Fax: (92-21) 2470090

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