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Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 24th, February 2012 at 9:30 A.M. approved the following financial results:
|
Rupees in thousands |
Rupees in thousand and |
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|
Half year ended |
Quarter ended |
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|
Dec 31,2011 |
Dec 31,2010 |
Dec 31,2011 |
Dec31,2010 |
|
| Sales-net | 477,009 | 549,191 | 256,471 | 298,141 |
| Cos of sales | (480,266) | (473,072) | (252,148) | (240,451) |
| Gross (loss)/profit | (3,257) | 76,119 | 6,325 | 57,690 |
| Operating expenses: | ||||
| Selling 2nd distribution | – | (233) | – | – |
| Administrative and general | (5,896) | (6,172) | (2,931) | (3,242) |
| Other expenses | (4,856) | – | (3,770) | |
| Finance Cost | (30) | (60) | (20) | (33) |
| Other Operating income | 4,568 | 719 | 2,293 | 217 |
| (Loss)/profit before taxation | (4,615) | 65,517 | 5,667 | 50,862 |
| Taxation: | ||||
| Current | (4,816) | (5,499) | (2,631) | (2,988) |
| Prior year | 3 | 16 | 3 | 16 |
| Deferred | 1,741 | 1,833 | 870 | 916 |
| (Loss)/profit after taxation | (7,687) | 61,867 | 3,909 | 48,806 |
| (Loss)/earning per share | (0.51) | 4.08 | 0.26 | 3.22 |
The Extra Ordinary General Meeting of the company will be held on 31.03.2012 at 9.00 AM for election of Directors at Registered Office of the company JK House, 32-W, Susan Road, Madina Town, Faisalabad with book closure from 27.03.2012 to 02.04.2012 (both days inclusive). You are requested to grant us prior approval o EOGM.
For more information, contact:
Asim Textile Mills Limited
Mills: 32 K. M., Faisalabad,
Sheikhupura Road,
Tel: 041-4689336, 4689690-2
Fax: 041-4689693