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,