Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on October 03, 2011 at 2.30 PM at 44 E/1 Gulberg III Lahore recommended the following:
I. CASH DIVIDEND
Rs 1.00 share or 10%.
II. BONUS SHARES NIL
III. RIGHT NIL
IV. ANY OTHER ENTITLEMENT / CORPORATE ACTION NIL
V. ANY OTHER PRICE – SENSITIVE INFORMATION NIL
VI. The following are the financial results for the year ended on June 30, 2011
June 30, 2011
June 30, 2010
|Cost of Goods Sold||4,218,794,738||2,508,118,978|
|Other operating income||3,296,613||6,396|
|Other Operating Expenses||19,794,302||23,768,975|
|Share of Profit of Jointly Controlled|
|entity (Hira Terry Mills Ltd)||18,286,959||47,210,701|
|Profit before Tax||276,694,080||277,579,137|
|Provision for Taxation||56,959,678||28,751,165|
|Profit after Tax||219,734,402||248,827,972|
|Earnings Per Share – Basic and Diluted||3.07||3.48|
VIII. The Board has taken following decisions about annual general meeting of the company.
1- Annual General Meeting of the company will be held on October 29, 2011 at 11.00 AM at its registered office 44-E/1 Gulberg III Lahore.
2- The Share Transfer Books of the Company will remain closed from 27-10-2011 to 03-11-2011.
For more information, contact:
Saeed Ahmad Khan
Hira Textile Mills Limited
Tel: 042 – 3571 4191-4
Fax: 042 – 3571 0048
Category: Financial Results