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Karachi: We have to inform you that the Board of Directors of our Company in its meeting held on Monday the 27th day of February 2012 at 3:30 PM at its registered office situated at Vehari Road, Multan recommended the payment of Cash Dividend/ Bonus Shares/ Right Shares for the Half Year ended December 31, 2011 at the rate of Rs. NIL per share (NIL %).
The financial results of the Company are as follows:
| Six months ended | Three months ended | |||
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2010 | |
| Rupees | Rupees | Rupees | Rupees | |
| Sales | 1,004,917,728 | 935,256,010 | 474,546,791 | 91,003,348 |
| Cost of goods sold | (944,475,218) | (860,348,197) | (443,452,513) | (457,932,987) |
| ————- | ———– | ———– | ———– | |
| Gross Profit | 60,442,510 | 74,907,813 | 31,094,278 | 33,070,361 |
| Other Operating Income | 40,445 | 2,848,794 | – | 2,812,221 |
| ————- | ———– | ———– | ———– | |
| 60,482,955 | 77,756,607 | 31,094,278 | 35,882,582 | |
| Distribution Cost – Commission | (3,491,561) | (3,172,362) | (452,859) | (1,784,369) |
| Administrative Expenses | (18,914,583) | (15,058,505) | (9,701,614) | (6,950,262) |
| Other operating expenses | (1,087,393) | (2,398,946) | (614,486) | (1,104,145) |
| Finance Cost | (24,394,345) | (24,429,112) | (14,111,065) | (16,759,360) |
| ————- | ———– | ———– | ———– | |
| Profit before Taxation | 12,595,073 | 32,497,682 | 6,214,254 | 9,284,446 |
| Provision for taxation | (10,049,177) | (9,352,360) | (4,745,468) | (1,227,928) |
| ————- | ———– | ———– | ———– | |
| Profit after taxation | 2,545,896 | 23,145,122 | 1,468,786 | 8,056,518 |
| Other comprehensive income | – | – | – | – |
| ————- | ———– | ———– | ———– | |
| Total Comprehensive income | 2,545,896 | 23,145,122 | 1,468,786 | 8,056,518 |
| ————- | ———– | ———– | ———– | |
| Earnings per share – basic and diluted | 3.18 | 28.33 | 1.84 | 10.07 |
For more information, contact:
Allawasaya Textile and Finishing Mills Limited
Allawasaya Square, Mumtazabad Industrial Area,
Vehari Road, Multan (Pakistan).
Phone: P.A.B.X. 92-61-4233624 – 3 Lines,
Fax: 92-61-6525202
E-mail: atm@allawasaya.com
Website: www.allawasaya.com