Transmission Engineering Industries Limited’s financial result for the year ended on June 30, 2011

Transmission Engineering Industries Limited’s financial result for the year ended on June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 5:00 p.m. on Thursday October 6, 2011 recommended the following:

Appropriation for Shareholders

The Board of Directors has approved appropriation for bonus shares and Dividend at NIL.

Financial Result of the Company are as follows:

Financial result is enclosed in a separate sheet.

Profit and loss account for the year ended June 30, 2011

 

2011 2010
Note Rupees  Rupees
Sales – net 25 71,893,504 108,299,019
Cost of sales 26 87,893,804 93,769,793
 ———- ———–
Gross (loss) / profit (15,836,300) 14,529,226
Operating expenses
Distribution cost 27 2,183,367 2,206,145
Administrative expenses  28 13,903,363 11,923,032
Other operating charges 29  – 86,456
Finance cost  30 7,419,163 10,126,462
 ———-  ———–
23,505,893 24,342,095
Other income – net 31 7,941,765 6,379,328
———-  ———–
Loss before taxation (31,400,428)  (3,433,541)
Taxation 32 (3,726,055) 15,085,925
 ———- ———–
(Loss)/ profit for the year (27,674,373) 11,652,384
———- ———–
(Loss)/ Earning per share – Basic and Diluted 33  (2.37)  1.00

 

The annexed notes form an integral part of these financial statements

For more information, contact:
Transmission Engineering Industries Limited
B-14, Block-A,
S.M.C.H.S.Karachi-74400, Pakistan.
Tel: +92-21-111 000 862
Fax: +92-21-4556245
Email: info@transmission-eng.com
Web: www.transmission-eng.com

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