Zeal Pak Cement Factory Limited’s financial result for the half yearly ended December 31, 2010

Zeal Pak Cement Factory Limited’s financial result for the half yearly ended December 31, 2010

Karachi: We have to inform you that the Board of Director of our company in their meeting held on Wednesday the 24th August, 2011 at 02:00 P.M. at PIC Tower 7th Floor, 32-A, Lalazar Drive, Moulvi Tamizuddin Road, Karachi recommended the following: –

(i) Cash Dividend

A final cash Dividend for the half yearly ended December 31, 2010 at Rs. Nil per share i.e. Nil %. This in addition to interim Dividend (s) already paid at Rs. Ni1 per share i.e. Nil %.

And/Or

(ii) Bonus Shares

It has been recommended by the Board of Director to issue Bonus Shares in the proportion of Nil Share(s) for every Nil share(s) held i.e. Nil % this is in addition to the interim Bonus Shares already issued @ Nil %.

And/Or

(iii) Right Shares

The Board has recommended to issue Nil % Right Shares at part/at a discount/premium of Rs. Nil per share in proportion of Nil share(s) for every Nil Share(s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

And/Or

(iv) Any Other Entitlement / Corporate Action

Nil

We have to inform you that the Board of Directors of the Company in its meeting held on August 24, 2011 has recommended the following:

Cash Dividend:        Nil

Bonus Shares:         Ni

Right Shares:         Nil

The financial result of the Company are as follows:

 

Half year ended

Quarter ended

December

December

December

December

31, 2011

31, 2009

31, 2011

31, 2009

(Rupees in ‘000)

(Rupees in ‘000)

Sales – net 50,284 134,235  26,647 37,324
Cost of Sales (192,077)   (299,465)  (125,122)  (199,367)
——-   ——-     ——- ——-
Gross (Loss) (141,793)  (165,230) (98,475) (82,043)
Administrative expenses (5,276)   (13,865) (2,684) (6,860)
Distribution cost  (291)      (1,100)  (141) (611)
 ——-  ——-   ——-  ——-
(5,566)   (13,966)   (2,825) (7,471)
Other Operating Expenses  (320) (1,147)  (320) (398)
Other Operating Income    407  364   188 123
   ——- ——- ——-    ——-
 (5,479)  (14,749)  (2,957)    (7,747)
Operating (Loss)  (147,272) (179,979) (101,432) (89,790)
Finance Cost (31,718)  (35,605)  (13,980)  (18,625)
 ——-  ——-   ——-    ——-
(Loss) before taxation  (178,990) (215,584) (115,412)  (108,415)
Taxation  (252) (671) (134) (186)
——-  ——-  ——- ——-
(Loss) After taxation (179,242) (216,256) (115,546) (108,602)
 ——-   ——-   ——- ——-
(Loss) per share (Rs) – Basie (0.40)  (0.51) (0.26)  (0.25)

 

For more information, contact:
Nouman Maqbool
Chief Financial Officer
Zeal Pak Cement Factory Limited
7th Floor, PIC Tower,
32-A, Lalazar Drive,
Moulvi Tamizuddin Road,
Karachi.
UAN: 111-111-104
Tel: 5611484-86
Fax: 5611357
Email: zpcfl@yahoo.com
Web: www.zealpak.com.pk

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