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Syed Match Company Limited’s financial statements

Date: September 7, 2011 Author: Web Desk Category: Financial Services Tags: Short URL Comments: 0

Karachi: In connection with the above mentioned subject, we are sending you the  Financial Statements (Annual Audited Accounts 2009-2010, Un-audited Financial Statement, September 30, 2010, Un-audited Financial Statement, September 30, 2010, Un-audited Half Yearly Financial Statement December 31, 2010 and Un-audited Financial Statement March 31, 2011.

 

Statement of comprehensive income for the year ended June 30, 2010

 

Note

2010

2009

(Rupees)

(Rupees)

Sales- Net 18 44,961,500 35,193,663
Cost of Goods Sold 19 50,862,910  38,437,222
———-  ———-
Gross Profit / (Loss)  (5,901,410)  (3,243,559)
Operating Expenses
Administrative expenses 20 4,396,327 1,696,101
Selling and distribution cost 21 69,795  35,920
 ———- ———-
4,466,122 1,732,021
 ———-  ———-
Operating Profit/ (Loss)  (10,367,532)  (4,975,580)
Finance Cost 22 25,813 46,049
———- ———-
Profit/ (Loss) Before Taxation (10,393,345)  (5,021,629)
Taxation 23 224,808  -
 ———-  ———-
Profit/ (Loss) After Taxation  (10,618,153) (5,021,629)
Unusual Item 24 (6,574,693)  -
Prior Year adjustment 25 13,963,780  -
———- ———-
Profit / (Loss) After Taxation (3,229,066) (5,021,629)

 

 

Condensed Interim Statement of Comprehensive Income (Un-audited) for the Half Year Ended December 31, 2010

 

Half Year

Ended December

31, 2010

Half Year

Ended December

31, 2009

Quarter

Ended December

31, 2010

Quarter

Ended December

31, 2009

Note (Rupees) (Rupees) (Rupees) (Rupees)
Sale-Net 8 17,136,000 16,543,700 6,800,000 7,554,201
Cost of Goods Sold 9 16,360,315 16,681,136 6,783,132 9,427,813
 ———- ———-  ———- ———-
Gross Profit / (Loss)  775,685 (137,436) 16,368 (1,873,612)
Operating Expenses
Administrative expenses 807,789 769,850 511,850 341,654
Selling and distribution cost 27,694 18,200 23,524 8,311
 ———- ———-  ———-  ———-
835,483 788,050 535,374  349,964
 ———-  ———- ———-  ———-
Operating Profit / (Loss)  (59,798)  (925,486) (518,506) (2,223,570)
Finance Cost 25,112 37,453  14,093  4,082
 ———-  ———- ———-  ———-
(Loss) Before Taxation  (849,910) (962,939)  (532,599) (2,227,658)
Taxation 171,360 82,719  - 37,771
 ———- ———- ———-  ———-
(Loss) after Taxation (256,270) (1,045,657) (532,599) (2,265,429)
Usual Item 10 (1,288,960) (6,574,693)  (1,288,960)
 ———- ———-  ———- ———-
Net (Loss) for the period (1,545,230) (7,620,350) (1,821,559) (2,265,429)
Other Comprehensive income  -   - -  -
  ———- ———-  ———- ———-
Total Comprehensive (Loss) (1,545,230) (7,620,350)  (1,821,559) (2,265,429)
 ———- ———-  ———- ———-
Earning/ (Loss) per share (basic and diluted) (5.15)  (25.40) (6.07) (7.55)

 

The annexed notes from (1) to (14) form an integral part of these financial statements.

Condensed Interim Statement of Comprehensive Income (Un-Audited) for the Period Ended March 31, 3011

 

July 2010

to

March 2011

July 2009

to

March 2010

January 2011

to

March 2011

January 2010

to

March 2010

Note (Rupees) (Rupees) (Rupees) (Rupees)
Sales -Net 6 24,832,000 28,711,700 7,696,000 7,168,000
Cost of Goods Sold 7 23,747,461 25,004,213 7,387,146 8,883,077
 ———- ———- ———-  ———-
Gross (Loss) 1,084,539  (1,852,513) 308,146 (1,715,077)
Operating Expenses
Administrative 1,178,777 1,499,677 370,988 856,180
Selling and distribution 40,245  153,853 18,551 135,453
 ———- ———-  ———-  ———-
1,225,022 1,853,330 389,539  991,633
 ———-  ———- ———- ———-
Operating (Loss) (140,483) (3,505,843)  (80,685) (2,705,710)
Financial Charges 34,345 611,148 9,233 573,695
 ———- ———-  ———- ———-
(Loss) before Taxation  (174,828) (4,116,991) (89,918) (3,280,405)
Taxation  124,160 118,559  38,480 35,840
 ———- ———- ———-  ———-
(Loss) after Taxation (298,988)  (4,235,550) (128,398) (3,316,245)
Unusual Item 9  (1,288,980) (6,574,893) (1,288,960)
 ———-  ———-  ———-  ———-
Net (Loss) for the Period (1,587,948) (10,810,243) (1,417,358) (3,316,245)
Other comprehensive income for the period  -  -  -   -
 ———-  ———-  ———-   ———-
Total Comprehensive Income for the Period  (1,587,948)  (10,810,243) (1,417,358) (3,316,245)
 ———-   ———- ———-  ———-
Earning per share (basic and diluted)  (6.29)   (36.03) (4.72) (11.05)

 

 

The annexed notes from (1) to (11) form an integral part of these financial statements.

Statement of Comprehensive Income (Un-Audited) for the Quarter September 30, 2010

 

July – Sep

2010

July – Sep

2009

Note (Rupees)  (Rupees)
Sales – Net 10,336,000 8,428,250
Cost of Goods Sold 9,476,198  7,253,323
 ———  ———
Gross Profit/ (Loss) 859,802 1,174,927
Operating Expenses
Administrative expenses  346,708 428,196
Selling and distribution cost 4,170 9,889
———  ———
350,878 438,085
 ——— ———
Operating Profit (Loss) 508,924 736,842
Finance Cost 11,019 33,371
 ——— ———
Profit/ (Loss) before Taxation  497,905 703,471
Taxation  - 44,947
———  ———
Profit / (Loss) After Taxation  497,905 658,524
Unusual Item 7 1,687,650  6,574,693
——— ———
Profit/ (Loss) After Taxation  (1,189,745)  (5,916,169)
Other Comprehensive income -  -
 ——— ———
Un-Appropriated (Loss) Carried Forward  (1,189,745) (5,916,169)
———  ———
Earning / (Loss) per share (basic and diluted)  (3.97)  (19.12)

 

The annexed notes from (1) to (33) form an integral part of these financial statements.

For more information, contact:
Syed Match Company Limited
Rehana Road, Sarai Saleh Tehsil
Haripur,NWFP
TEl: 611378
Fax: 611391

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