Gul Ahmed Textile Mills Limited’s financial results for the 1st quarter ended September 30, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Saturday, October 29, 2011 at 3:00 p.m. at Mills premises, Landhi, Karachi has approved the following unaudited quarterly accounts for the 1st quarter ended September 30, 2011.

The separate profit and loss account of the Company is as follows:

 

	Rs.000s
	1st Quarter Ended	1st Quarter Ended
	September 30,	September 30,
	2011	2010
Sales	5,695,555	4,629,285
Cost of sales	4,973,946	3,896,029
	———	———
Gross profit	721,609	733,256
Operating expenses	450,503	370,771
	———	———
	271,106	362,485
Other operating income	(5,715)	(4,641)
	———	———
Operating profit	276,821	367,126
Finance cost	329,791	210,777
	———	———
(Loss) /profit before taxation	(52,970)	156,349
Provision for taxation	57,013	46,000
	———	———
(Loss) /profit after taxation	(109,983)	110,349
	———	———
(Loss) /earnings per share (Rs.)	(1.73)	1.74

 

 

The consolidated profit and loss account of the Company is as follows;

 

	Rs.000s
	1st Quarter Ended	1st Quarter Ended
	September 30,	September 30,
	2011	2010
Sales	5,748,644	4,606,288
Cost of sales	4,989,374	3,849,331
	———	———
Gross profit	759,270	756,957
Operating expenses	477,377	402,222
	———	———
	281,893	354,735
Other operating income	(6,225)	(5,238)
	———	———
Operating profit	288,118	359,973
Finance cost	340,227	206,045
	———	———
(Loss)/profit before taxation	(52,109)	153,928
Provision for taxation	57,406	46,873
	———	———
(Loss) /profit after taxation	(109,515)	107,055
	———	———
(Loss) /earnings per share (Rs.)	(1.73)	1.69

 

For more information, contact:
Gul Ahmed Textile Mills Limited
Lot No: HT/3/A, Landhi Industrial Area,
Karachi – 75120, Pakistan
Tel: (9221) 111-485-485
Fax No: (9221) 3501 8836 and 38
E-mail: finance@gulahmed.com