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Dewan Khalid Textile Mills Limited’s financial results for the half yearly un-audited condensed interim financial statements of the company for the period ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Friday February 24, 2012 at 04:30 p.m. at Karachi recommended the following.

1. Cash Dividend                             Nil

And/ or

2. Bonus Shares                              Nil

And/ or

3. Right Shares                              Nil

And/ or

4. Any other Entitlement/ Corporate Action   Nil

And/ or

5. Any Other Price Sensitive Information     Nil

The Half Yearly, un-audited, condensed Interim Financial Statements of the Company for the period ended December 31, 2011, are as follows:

 

6 Month

3 Month

July to Dec

July to Dec

July to Dec

July to Dec

2011

2010

2011

2010

Sales – net 580,418 637,375 281,635 407,044
Cost of Sales (570,428) (589,446) (282,912) (381,282)
———– ———- ———- ———–
Gross Profit/(Loss) 9,990 47,929 (1,277) 25,762
Operating Expenses
Distribution Cost and Selling Expenses (6,599) (1,390) (2,723) (1,185)
Administrative and General Expenses (19,451) (12,579) (7,834) (9,187)
———– ———- ———- ———–
(26,050) (13,969) (10,557) (10,372)
———– ———- ———- ———–
Operating Profit / (Loss) (16,060) 33,960 (11,834) (15,390)
Finance Cost (118) (148) (63) (126)
———– ———- ———- ———–
(16,178) 33,812 (11,897) 15,264
Workers’ profit participation fund (1,691) (1,054)
———– ———- ———- ———–
(Loss) / Profit Before Taxation (16,178) 32,121 (11,897) 14,210
Taxation:
– Current (5,804) (6,398) (2,816) (4,095)
– Deferred (8,688)
———– ———- ———– ———-
(5,804) (6,398) (2,816) (12,783)
———– ———- ———- ———–
(Loss) / Profit after Taxation 21,892 25,723 (14,713) 1,427
———– ———- ———- ———–
(Loss) / Earning Per Share – Basic (3.87) 4.53 (2.59) 0.25

 

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.

For more information, Contact:
Dewan Khalid Textile Mills Limited
Finance & Trade Centre (FTC),
8TH Floor, Block-A,
Shahrah-e-Faisal, Karachi, Pakistan
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860,

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