Hira Textile Mills Limited’s financial results for the 1st quarter ended 30th September 2011
Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on October 28, 2011 at 11.30 AM at 44 E/1 Gulberg III Lahore recommended the following:
Cash Dividend Nil
Bonus Shares Nil
Right Shares Nil
Any Other Entitlement / Corporate Action Nil
Any Other Price – Sensitive Information Nil
The following are the financial results for the 1st Quarter ended on September 30, 2011.
|
1st Quarter |
1st Quarter |
|
|
Ended Sept |
Ended Sept |
|
|
30, 2011 |
30, 2010 |
|
|
Rupees |
||
| Sales – Net | 1,157,993,584 | 1,158,041,003 |
| Cost of Goods Sold | 1,042,697,396 | 960,029,153 |
| ————– | ————– | |
| Gross Profit | 115,296,188 | 198,011,850 |
| Other Operating Income | – | – |
| Distribution Cost | 14,073,372 | 11,739,697 |
| Administrative Expenses | 18,472,277 | 15,601,368 |
| Other Operating Expenses | 1,172,652 | 7,210,498 |
| Finance Cost | 65,755,588 | 67,663,673 |
| ————– | ————– | |
| 99,473,889 | 102,215,236 | |
| Profit from Operations | 15,822,300 | 95,796,614 |
| Share of Profit of Hira Terry Mills Ltd | 7,429,305 | 9,023,584 |
| Profit / (Loss) before Tax | 23,251,605 | 104,820,198 |
| Provision for Taxation | 11,381,638 | 9,904,979 |
| ————– | ————– | |
| Profit (Loss) after Tax | 11,869,967 | 94,915,219 |
| ————– | ————– | |
| Earnings Per Share – Basic and Diluted | 0.17 | 1.33 |
For more information, contact:
Saeed Ahmed Khan
Company Secretary
Hira Textile Mills Limited
44-E/1, Gulberg-III
Lahore-54660, Pakistan
Tel: (+92-42) 3571 4191-4
Fax: (+92-42) 3571 0048
E-mail: hira@hiramills.com.pk
Website: www.hiramills.com.pk
Website: www.hiratex.com.pk
Category: Financial Results
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