(Colony) Thal Textile Mills Limited’s financial results for the year ended June 30, 2011

(Colony) Thal Textile Mills Limited’s financial results for the year ended June 30, 2011

[ 0 ] October 7, 2011 | Financial Results | Share:

Karachi: We inform that the Board of Directors of our company in their meeting held on October 07, 2011 on 11.00 am, at 7/1 Main Shami Road, Lahore Cantt. Recommended the following:

 

(i) Cash Dividend NIL
(ii) Bonus Shares NIL
(iii) Right Shares NIL
(iv) Any Other Entitlement/Corporate Action NIL
(v) Any Other Price-Sensitive Information N/A

 

The financial results of the Company are as follows:

 

YEAR ENDED

30-06-2011

YEAR ENDED

30-06-2010

Rupees

Rupees

Sales  Net 703,604,102 445,619,746
Cost of Sales 657,046,107 432,191,417
 ———– ———–
Gross profit 16,557,995 13,428,329
 ———– ———–
operating Expenses
Administrative 12,102,866 9,323,949
Selling  49,610 41,250
 ———– ———–
12,152,476 9,365,199
 ———–  ———–
Operating Profit 4,405,519 4,063,130
Financial  (2,394,836) (13,739,504)
Other Income 1,884,576 5,726,476
———–  ———–
Profit / (Loss) before taxation 3,895,258  (3,949,898)
———– ———–
Taxation (3,727,107) (2,228,099)
———– ———–
Profit / (Loss) after taxatipn 168,151 (6,177,997)
Accumulated loss brought forward (177,012,767) (172,900,373)
Transfer from surplaus on revaluation of fixed assets
Current year net of tax 3,625,511 2,065,603
Amount adjusted – reflected in Changes equity (4,632,742)
 ———–  ———–
Accumulated loss carried to balance sheet  (177,851,846)  (177,012,767)
———– ———–
Basic Earnings / (Loss) per share  0.03  (1.11)

The Annual General Meeting of the Company will be held on Saturday October 29, 2011 on 11.00 am at 7/1 Main Shami Road, Lahore Cantt.

 

For more information, contact:
Ghulam Murtaza Bhatti
Company Secretary
(Colony) Thal Textile Mills Limited
7/1 Main Shami Road,
Cantt, Lahore.
Tel: 36666634
Fax: 36687353
E-mail: cttm@magic.net.pk

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Category: Financial Results

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