Mohammad Farooq Textile Mills Limited’s financial results for the period ended 31st March 2012 - AsiaNet-Pakistan

Mohammad Farooq Textile Mills Limited’s financial results for the period ended 31st March 2012

[ 0 ] May 7, 2012 | Financial Results | Share:

Karachi: We have to inform you that the Board of Directors of Mohammad Farooq Textile Mills Limited (MFTM) in their meeting held on Saturday, May 05, 2012 at 3:30 p.m. 50-B, South Circular Avenue. Phase II, Defence Housing Authority, Karachi, recommended the following:

(i) Cash Dividend  Nil

And/ Or

(ii) Bonus Issue Nil

And/ Or

(iii) Right Shares Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action Nil

And/ Or

(v) Any Other Price-Sensitive Information Nil

The Financial Results of the Company are as follows

Nine Months ended

Three Months ended

March 31,

March 31,

March 31,

March 31,

2012

2011

2012

2011

Rupees in ‘000’

Sales – Net

37,533

204,248

559

12,203

Cost of goods sold

(48,905)

(441,214)

(2,348)

(31,080)

——

——-

—–

——

Gross loss

(11,372)

(236,966)

(1,789)

(18,872)

Other income – net

125

17,118

10,334

——

——-

—–

——

(11,247)

(219,248)

(1,789)

(8,538)

——

——-

—–

——

Distribution Cost

(4,825)

(7)

Administrative expenses

(8,319)

(21,329)

(3,893)

(1,454)

Provision against doubtful recoveries

(11,566)

——

——-

—–

——

(8,319)

(37,720)

(3,898)

(1,461)

——

——-

—–

——

Operating loss

(19,566)

(257,563)

(5,686)

(9,999)

Financial cost

(10,215)

(48,311)

(1,618)

(17,521)

——

——-

—–

——

Loss before taxation

(29,781)

(305,879)

(7,305)

(27,520)

Provision for taxation

(375)

(2,059)

(6)

(123)

——

——-

—–

——

Loss after taxation

(30,156)

(307,938)

(7,310)

(27,643)

——

——-

—–

——

Loss per share (Rupee)

(1.60)

(16.30)

(0.39)

(1.46)

For more information, Contact:
Mohammad Farooq Sumar
Chairman
Mohammad Farooq Textile Mills Limited
Plot 6 & 7, Sector 21,
Korangi Industrial Area, Karachi
P.O. Box: 4628
Tel: (021) 5011571-5, 5023006-8,
Fax: (021) 5011607, 5015498,
E-mail: mftml@cyber.net.pk
Web: www.mohammadfarooq.com.pk

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Category: Financial Results

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