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Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on Monday, October 31, 2011 at 3:30 p.m. and adjourned meeting held on Tuesday, November 1, 2011 at 4:00 p.m. at Company’s registered office 242-A, Anand Road, Upper Mall, Lahore have approved the 1st Quarter Accounts for the period ended September 30, 2011.
The financial results of the Company for the 1st quarter ended September 30, 2011 are as follows:
|
Unaudited |
Unaudited |
|
|
Jul-Sep |
Jul-Sep |
|
|
2011 |
2010 |
|
|
Rupees |
Rupees |
|
| -Sales | 479,199,033 | 524,679,884 |
| -Cost of Sales | 478,842,187 | 506,726,433 |
| ———– | ———– | |
| -Gross Profit | 356,846 | 17,953,451 |
| Operating Expenses | ||
| Administrative | 7,585,283 | 6,715,494 |
| Distribution cost | 5,856,040 | 3,257,021 |
| Other operating expenses | 194,650 | 192,084 |
| 13,635,973 | 10,164,599 | |
| ———– | ———– | |
| -Operating (Loss) / Profit | (13,279,127) | 7,788,852 |
| -Financial Cost | 24,227,432 | 29,080,756 |
| ———– | ———– | |
| (37,506,559) | (21,291,904) | |
| -Other Operating Income/ (Charges) | 21,696,909 | 2,387 |
| -Loss before Taxation | (15,809,650) | (21,289,517) |
| -Taxation | 2,587,261 | 3,008,398 |
| ———– | ———– | |
| -Loss after Taxation | (18,396,911) | (24,297,915) |
| ———– | ———– | |
| -Loss per Share – Basic and Diluted | (0.61) | (2.43) |
For more information, contact:
Usman Haq
Company Secretary
ICC Textile Limited
242-A, Anand Road, Upper Mall,
P.O. Box: 1280, Lahore- 54000, Pakistan
Tele: (042) 35751785-87
Fax: (042) 35789206,
E-mail: icctex@wol.net.pk