Khalid Siraj Textile Mills Limited’s financial results for the year ended June 30, 2012

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Karachi, October 5, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on 04 October, 2012 at 04:00 p.m. at Lahore recommended the following:

(i) Cash dividend                                        Nil

(ii) Bonus shares                                        Nil

(iii) Right shares                                       Nil

(iv) Any other entitlement corporate action              Nil

(v) Any other price-sensitive information                Nil

The financial results of the Company are as follows:

	June 30, 2012	June 30, 2011
	(Rupees)
Sales -Net	796,441,685	1,110,714,542
Cost of goods sold	805,159,595	1,127,119,681
	———–	————-
Gross loss	(8,717,910)	(16,405,139)
-selling and distribution cost	1,879,814	1,890,187
-Administrative and general expenses	13,208,341	14,876,863
	———–	————-
	15,088,155	16,767,050
	———–	————-
	(23,806,065)	(33,172,189)
Other operating income	–	630,190
	———–	————-
	(23,806,065)	(32,541,999)
Finance cost	14,818,142	19,026,004
	———–	————-
Loss before taxation	(38,624,207)	(51,568,003)
Taxation	4,694,331	(771,673)
	———–	————-
Loss for the year	(43,318,538)	(50,796,330)
	———–	————-
Loss per share-basic	(4.05)	(4.75)

For more information, contact:
Haji Tariq Samad
Company Secretary
Khalid Siraj Textile Mills Limited
467-M Block Model Town Extension,
Lahore- Pakistan.
Tel: 042-35201981-86
Fax: 042-35201500