ICC Textiles Limited’s financial results for the 1st quarter ended September 30, 2012 - AsiaNet-Pakistan

ICC Textiles Limited’s financial results for the 1st quarter ended September 30, 2012

[ 0 ] November 1, 2012 | Financial Results | Share:

Karachi, November 01, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their Meeting held at 03:30 p.m. on Wednesday, October 31, 2012 has recommended no cash dividend, bonus or right issue of the shares for the 1st quarter ended September 30, 2012. The financial results of the Company during this period is as follows:

Quarter ended

Quarter ended

Jul-Sep, 2012

Jul-Sep, 2011

(Un-audited)

(Un-audited)

(Rupees)

(Rupees)

Sales

359,232,850

479,199,032

Cost of Sales

361,850,432

478,842,187

———–

———–

Gross Profit

(2,617,582)

356,845

Operating Expenses:
-Distribution Cost

3,952,842

5,856,040

-Administrative

7,629,915

7,585,283

-Other Operating Expenses

199,486

194,650

———–

———–

11,782,243

13,635,973

———–

———–

(14,399,825)

(13,279,127)

Other Operating Income

17,334,576

21,696,909

———–

———–

Operating Profit

2,934,751

8,417,782

Finance Cost

21,204,933

24,227,432

———–

———–

Loss before Taxation

(18,270,182)

(15,809,649)

Taxation

(24,492)

2,587,261

———–

———–

Loss after Taxation

(18,245,690)

(18,396,910)

———–

———–

Loss per Share-Basic and Diluted

(0.61)

(0.61)

For more Information, contact:
Usman Haq
Company Secretary
ICC Textiles Limited
242- A, Anand Road, Upper Mall.
P. O. Box: 1260 Lahore, 54000, Pakistan
Tele: (042)35761765
E-Mail: Icctcx@Wol.net.pk

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Category: Financial Results

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