(Colony) Sarhad Textile Mills Limited’s financial results for the year ended 30-06-2012

(Colony) Sarhad Textile Mills Limited’s financial results for the year ended 30-06-2012

[ 0 ] November 12, 2012 | Financial Results | Share:

Karachi, November 12, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 1530 hrs on Thursday, the 08th Day of November, 2012 recommended the following:

(i) Cash Dividend

An final Cash Dividend for the Year ended June 30, 2012 @ Nil per share i.e. Nil. Interim Dividend already been paid at Rs. Nil per share i.e. Nil %.

(ii) Bonus Share

It has also been recommended by the Board of Directors to issue bonus shares will be entitled/ not entitled for the right shares.

(iii) Right Shares

The board also recommended to issue Nil % Right Shares at par/at a premium of Rs. Nil per share in proportion of Nil shares for every Nil shares.

The Annual General meeting of the company will be held at 1630 hrs on 30th day of November 2012 at Company’s Registered Office 125-Murree Road Rawalpindi.

Profit and Loss Account for the Year Ended June 30, 2012

Note

2012

2011

Rupees

Income
Sales

Expenditures
Unabsorbed direct cost

19

(6,974,817)

(8,316,002)

Administrative expenses

20

(4,342,349)

(4,153,039)

Finance cost

2

(7,026,625)

(7,098,663)

———-

———-

(18,343,791)

(19,567,704)

Loss on sale of obsolete stock

(406,383)

Loss on disposal of stores and spares

(5,337,118)

Other income

22

487,639

970,853

———-

———-

Loss for the year before taxation

(17,856,152)

(24,340,352)

Taxation

(2,047)

———-

———-

Loss for the year after taxation

(17,856,152)

(24,342,399)

———-

———-

Loss per Share

(4.46)

(6.09)

The annexed notes form an integral part of these financial statements.

The final dividend if approved by Shareholders will be paid to the shareholders whose names appear in the Register.

The Share Transfer Register of the Company will be closed from 24th November 2012 to 30th November 2012 (both days inclusive) Transfers received at the Company’s Registered Office  125-Murree Road Rawalpindi at the close of business on 23rd November, 2012 will be treated in time for the purpose of payment of Dividend, Right and Bonus Shares to the transferees.

(iv) Any Other Entitlement

The Financial results of the company are as per enclosure A:

For more information, contact:
(Colony) Sarhad Textile Mills Limited
125, Murree Road, P.O. Box No. 341
Rawalpindi (Pakistan).
H.O. Rawalpindi Phone: (051) 5568051-3,
Fax: 92-51-5566310

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Category: Financial Results

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