AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, October 31, 2012 (PPI-OT): We have to inform you that the Board of Directors of the Company in their meeting held on Tuesday the October 30, 2012 at 4:00 p.m. recommended the following:
(1) Cash Dividend
An Interim cash dividend for the period ended 30.09.2012 @ Nil
The financial results of the Company for the First Quarter ended September 30, 2012 are as follows.
|
First Quarter |
First Quarter |
|
|
ended |
ended |
|
|
Sep 30, |
Sep 30, |
|
|
2012 |
2011 |
|
|
(Rupees in Thousand) |
||
| Sales |
– |
– |
| Cost of Sales |
6,567 |
8,208 |
|
—– |
—– |
|
| Gross (Loss) |
(6,567) |
(8,208) |
| Operating Expenses: | ||
| (Administration and Selling and distribution cost) |
1,293 |
853 |
|
—– |
—– |
|
| Operating (Loss) |
(7,860) |
(9,061) |
| Financial and Other Operating Expenses |
– |
2 |
|
—– |
—– |
|
|
(7,860) |
(9,063) |
|
| Other Operating Income |
357 |
532 |
|
—– |
—– |
|
| Net (Loss) before Taxation |
(7,503) |
(8,631) |
| Taxation: | ||
| Current |
– |
– |
| Deferred |
– |
– |
|
—– |
—– |
|
|
– |
– |
|
|
—– |
—– |
|
| Net (Loss) after Taxation |
(7,503) |
(8,531) |
| Net (Loss)/ Earning per Share |
(0.46) |
(0.52) |
For more information, contact:
Arif Haji Habib
Chief Executive
Globe Textile Mills Limited
105, Ibrahim Trade Tower,
Shahrah-e-Faisal, Karachi – Pakistan
Tel: 021-4327534-35
Fax: 021-4327536