AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, November 01, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their Meeting held at 03:30 p.m. on Wednesday, October 31, 2012 has recommended no cash dividend, bonus or right issue of the shares for the 1st quarter ended September 30, 2012. The financial results of the Company during this period is as follows:
|
Quarter ended |
Quarter ended |
|
|
Jul-Sep, 2012 |
Jul-Sep, 2011 |
|
|
(Un-audited) |
(Un-audited) |
|
|
(Rupees) |
(Rupees) |
|
| Sales |
359,232,850 |
479,199,032 |
| Cost of Sales |
361,850,432 |
478,842,187 |
|
———– |
———– |
|
| Gross Profit |
(2,617,582) |
356,845 |
| Operating Expenses: | ||
| -Distribution Cost |
3,952,842 |
5,856,040 |
| -Administrative |
7,629,915 |
7,585,283 |
| -Other Operating Expenses |
199,486 |
194,650 |
|
———– |
———– |
|
|
11,782,243 |
13,635,973 |
|
|
———– |
———– |
|
|
(14,399,825) |
(13,279,127) |
|
| Other Operating Income |
17,334,576 |
21,696,909 |
|
———– |
———– |
|
| Operating Profit |
2,934,751 |
8,417,782 |
| Finance Cost |
21,204,933 |
24,227,432 |
|
———– |
———– |
|
| Loss before Taxation |
(18,270,182) |
(15,809,649) |
| Taxation |
(24,492) |
2,587,261 |
|
———– |
———– |
|
| Loss after Taxation |
(18,245,690) |
(18,396,910) |
|
———– |
———– |
|
| Loss per Share-Basic and Diluted |
(0.61) |
(0.61) |
For more Information, contact:
Usman Haq
Company Secretary
ICC Textiles Limited
242- A, Anand Road, Upper Mall.
P. O. Box: 1260 Lahore, 54000, Pakistan
Tele: (042)35761765
E-Mail: Icctcx@Wol.net.pk