AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: We have to inform you that the Board of Directors in its meeting held on Friday the Feb 24, 2012 at 4:00 p.m. recommended Nil dividend.
The financial results of the Company for the half year ended Dec31, 2011 are as follows.
|
For the half year |
For the quarter |
|||
|
July – Dec |
Oct – Dec |
|||
|
2011 |
2010 |
2011 |
2010 |
|
|
(Rupees) |
(Rupees) |
(Rupees) |
(Rupees) |
|
| Sales | 230,168,334 | 284,141,742 | 130,665,760 | 145,424,746 |
| Cost of Sales | 208,172,488 | 259,784,956 | 117,287,505 | 135,845,567 |
| ———– | ———– | ———– | ———– | |
| Gross Profit | 21,995,846 | 24,356,786 | 13,378,255 | 9,579,179 |
| Operating Expenses: | ||||
| (Administration and Selling and distribution cost) | 10,318,939 | 9,381,447 | 3,502,594 | 4,954,968 |
| ———– | ———– | ———– | ———– | |
| Operating Profit | 11,676,907 | 14,975,339 | 9,875,661 | 4,624,211 |
| Financial and other Operating Expenses | 14,162,751 | 6,478,699 | 7,387,866 | 2,767,826 |
| ———– | ———– | ———– | ———– | |
| (2,485,844) | 8,496,640 | 2,487,795 | 1,856,385 | |
| Other Operating Income | 1,600,371 | 88,323 | 1,169,121 | (2,083) |
| ———– | ———– | ———– | ———– | |
| Net Profit / (Loss) before Taxation | (885,473) | 8,584,963 | 3,656,916 | 1,854,302 |
| Taxation: | ||||
| Current | 2,301,683 | 2,841,417 | 1,602,831 | 1,436,386 |
| Prior years | 38,143 | – | 38,143 | – |
| ———– | ———– | ———– | ———– | |
| 2,339,826 | 2,841,417 | 1,640,974 | 1,436,386 | |
| ———– | ———– | ———– | ———– | |
| Net Profit / (Loss) After Taxation | (3,225,299) | 5,743,546 | 2,015,942 | 417,916 |
| ———– | ———– | ———– | ———– | |
| Earning / (Loss) per Share | (0.69) | 1.23 | 0.43 | 0.09 |
Thanking you,
for more information, Contact:
Globe Textile Mills (OE) Limited
105, Ibrahim Trade Tower,
Shahrah-e-Faisal, Karachi – Pakistan
Tel: 34327534, 34327535
Fax: 34327536
E-mail: info@globeoe.com