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Karachi, November 30, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 1700 hrs on Thursday, the 29th Day of November, 2012 recommended the following:
(i) Cash Dividend
An final Cash Dividend for the Quarter ended September 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 in the proportion of Nil shares for every share held i.e. Nil%. The 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 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 22nd November 2012 to 29th November 2012 (both days inclusive). Transfers received at the Company’s Registered Office 125-Murree Road Rawalpindi at the close of business on 21st 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:
Profit and Loss Account or the Period Ended September 30, 2012 (Un-Audited)
|
Quarter ended |
Quarter ended |
|
|
30.09.2012 |
30.09.2011 |
|
|
Rupees |
Rupees |
|
| Unabsorbed direct cost |
(1,970,104) |
(1,945,650) |
| Administrative expenses |
(860,170) |
(841,882) |
| Finance cost |
(1,692,227) |
(1,788,683) |
|
——— |
——— |
|
|
(4,522,501) |
(4,576,215) |
|
| Other income |
151,700 |
7,930 |
|
——— |
——— |
|
| Loss for the period before taxation |
(4,370,801) |
(4,568,285) |
| Taxation |
– |
– |
|
——— |
——— |
|
| Loss for the period after taxation |
(4,370,801) |
(4,568,285) |
|
——— |
——— |
|
| Loss per share-basic |
(1.39) |
(1.14) |
The annexed notes form an integral part of these financial statements.
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