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Karachi, October 5, 2012 (PPI-OT): We are pleased to inform you that the Board of Directors of our Company in their meeting held today at 11:30 a.m. at 1088-Jail Road, Faisalabad approved the audited annual financial statements of the Company for the year ended June 30, 2012 and also recommended the following:
1. Cash Dividend Nil
2. Bonus Shares Nil
3. Right Shams Nil
The financial results of the Company for the year ended June 30, 2012 are enclosed as Annexure- A.
The Annual General Meeting of the Company will be held at 11:00 a.m. on October 31, 2012 at Bagh-e-Zehra Building, GK-7, 60-Baghe-Zehra Street, Kharadar, Karachi 74000.
The share transfer books of the Company will remain closed from October 24, 2012 to November 01, 2012 (both days inclusive).
Annexure- A
Financial results for the year ended June 30, 2012.
|
June 30, |
June 30, |
|
|
2012 |
2011 |
|
|
Rupees in Thousand |
||
| Sales |
3,748,190 |
4,210,345 |
| Cost of sales |
(3,386,042) |
(3,735,674) |
|
——— |
——— |
|
| Gross profit |
362,148 |
474,671 |
| Distribution cost |
(107,606) |
(115,419) |
| Administrative expenses |
(54,812) |
(49,799) |
| Other operating expenses |
(1,834) |
(12,506) |
|
——— |
——— |
|
|
(164,252) |
(177,724) |
|
|
——— |
——— |
|
|
197,896 |
296,947 |
|
| Other operating income |
4,903 |
4,080 |
|
——— |
——— |
|
| Profit before operations |
202,799 |
301,027 |
| Finance cost |
(168,522) |
(135,327) |
|
——— |
——— |
|
| Profit before taxation |
34,277 |
165,700 |
| Provision for taxation |
(23,630) |
(46,240) |
|
——— |
——— |
|
| Profit after taxation |
10,647 |
119,460 |
|
——— |
——— |
|
| Earning per share – basic and diluted (Rupees) |
1.10 |
12.37 |
For more information, contact:
Ishaq Textile Mills Limited
404-405, 4th Floor, Business Center,
Mumtaz Hassan Road, Karachi, Pakistan,
T: (+9221) 32411236, 32431531
F: (+9221) 32419817
E: Spinning@arshadgroup.com