AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on Wednesday October 05, 2011 at 4.00 p.m. recommended the following:
(1) CASH DIVIDEND
Final cash dividend for the year ended 30.06.2011 @ NIL
The financial results of the Company for the year ended June 30, 2011 are as follows.
|
For the |
For the |
|
|
Year ended |
Year ended |
|
|
2011 |
2010 |
|
|
(Rupees in Thousand) |
||
| SALES | ||
| COST OF SALES | 41,226 | 22,985 |
| —— | —— | |
| GROSS (LOSS) | (41,226) | (22,985) |
| OPERATING EXPENSES: | ||
| (Administration and Selling and distribution cost) | 5,479 | 7,894 |
| —— | —— | |
| OPERATING (LOSS) | (46,705) | (30,879) |
| FINANCIAL AND OTHER OPERATING EXPENSES | 3 | 11 |
| —— | —— | |
| (46,705) | (30,890) | |
| OTHER OPERATING INCOME | 2,138 | 299 |
| —— | —— | |
| NET PROFIT BEFORE TAXATION | (44,570) | (30,591) |
| TAXATION: | ||
| Current | – | – |
| Deferred | – | – |
| —— | —— | |
| – | – | |
| —— | —— | |
| NET PROFIT AFTER TAXATION | (44,570) | (30,591) |
| —— | —— | |
| NET (LOSS)/EARNING PER SHARE | (2.72) | (1.87) |
The Annual General Meeting of the Company will be held on Friday, October 28, 2011 at 6:00 p.m.
The Shares Transfer Book of the Company will remain closed from Friday, 21st October 2011 to Friday 28th October 2011.
For more information, contact:
Globe Textile Mills Limited
105, Ibrahim Trade Tower,
Shahrah-e-Faisal, Karachi,
Pakistan.
Tel: 34327534
Fax: 3437536
Email: info@globeoe.com