Hira Textile Mills Limited’s financial results for the year ended 30th June 2012 - AsiaNet-Pakistan

Hira Textile Mills Limited’s financial results for the year ended 30th June 2012

[ 0 ] October 8, 2012 | Financial Results | Share:

Karachi, October 8, 2012 (PPI-OT): We have to inform you that the Board of Directors of the Company in their meeting held on October 08, 2012 at 12.30 PM at 44 E/1 Gulberg III Lahore recommended the following:

i. Cash Dividend

Rs. 1.00 per share or 10%.

And/ Or

ii. Bonus Shares                                Nil

And/ Or

iii. Right Shares                               Nil

And/ Or

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, 2012.

Year ended

Year ended

June 30, 2012

June 30, 2011

Rupees

Sales-Net

4,087,240,663

4,947,939,216

Cost of Goods Sold

3,534,210,147

4,218,794,738

————-

————-

Gross Profit

553,030,516

729,144,478

Other Operating Income

4,531,315

3,296,613

557,561,831

732,441,091

Distribution Cost

63,685,323

71,203,155

Administrative Expenses

63,210,895

56,970,003

Other Operating Expenses

14,635,023

19,794,302

Finance Cost

295,902,928

326,066,570

————-

————-

437,434,169

474,033,970

120,127,662

258,407,121

Share of Profit of Jointly Controlled
Entity (Hira Textile Mills Limited (HIRAT))

51,619,260

18,286,959

————-

————-

Profit before Tax

171,746,922

276,694,080

Provision for Taxation

31,953,846

56,959,678

Profit after Tax

139,793,076

219,734,402

————-

————-

Earnings per Share – Basic and Diluted

1.95

3.07

vii. 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 31, 2012 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 24-10-2012 to 31-10-2012.

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

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Category: Financial Results

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