|
|
Profit and Loss Account (Unaudited)
For Nine Months Ended March 31st, 2005 |
| |
| |
Quarter ended
1st Jan. to 31st March |
|
Nine months ended
1st July to 31st March |
| |
2005 |
|
2004 |
|
2005 |
|
2004 |
| |
(Rupees in '000') |
| |
| Net Sales and Services |
887,438 |
|
42,972 |
|
2,139,970 |
|
109,253 |
| |
|
|
|
|
|
|
|
| Cost of Sales |
(808,299) |
|
(32,150) |
|
(1,946,199) |
|
(91,087) |
| Gross Profit |
79,139 |
|
10,822 |
|
193,771 |
|
18,166 |
| |
|
|
|
|
|
|
|
| Operating Expenses |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Administrative and selling
expenses |
(29,568) |
|
(2,885) |
|
(63,896) |
|
(8,365) |
| Operating Profit |
49,571 |
|
7,937 |
|
129,875 |
|
9,801 |
| |
|
|
|
|
|
|
|
| Share of Profit of Associated Company |
- |
|
6,371 |
|
- |
|
20,502 |
| Miscellaneous income |
2,634 |
|
- |
|
22,599 |
|
55 |
| |
|
|
|
|
|
|
|
| |
52,205 |
|
14,308 |
|
152,474 |
|
30,358 |
|
|
|
|
|
|
|
|
| Others |
|
|
|
|
|
|
|
|
Financial Expenses |
(11,419) |
|
(10,019) |
|
(25,901) |
|
(25,266) |
| |
40,786 |
|
4,289 |
|
126,573 |
|
5,092 |
| |
|
|
|
|
|
|
|
| Worker profit participation fund |
(2,040) |
|
- |
|
(6,329) |
|
- |
| |
|
|
|
|
|
|
|
| Profit
Before Taxation |
38,746 |
|
4,289 |
|
120,244 |
|
5,092 |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Current Taxation |
-
3,268 |
|
(210)
- |
|
- |
|
(546) |
| Deferred Tax |
|
|
9,805 |
|
1,084 |
| |
3,268 |
|
210 |
|
9,805 |
|
538 |
| Profit After Taxation |
42,014 |
|
4,079 |
|
130,049 |
|
5,630 |
| |
|
|
|
|
|
|
|
| Accumulated Loss Brought Forward |
(276,801)
6,071 |
|
(619,420)
1,007 |
|
(376,975) |
|
(622,985) |
| Less: Incremental Depreciation
on revalued fixed assets |
|
|
18,210 |
|
3,021 |
| |
(270,730) |
|
(618,413) |
|
(358,765) |
|
(619,964) |
| |
|
|
|
|
|
|
|
| Accumulated loss |
|
|
|
|
|
|
|
| Carried forward to balance sheet |
(228,716) |
|
(614,334) |
|
(228,716) |
|
(614,334) |
| |
|
|
|
|
|
|
|
| Basic earnings per share |
0.93 |
|
0.27 |
|
2.89 |
|
0.38 |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| The annexed notes form an
integral part of these financial statements. |
| |
Ahmed Kuli Khan
Khattak
Chief Executive |
Muhammad Zia
Director |
|
|
