AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 01:00 p.m. on Monday, October 31, 2011 has recommended no cash dividend, bonus or right issue of the shares for the 1st quarter ended September 30, 2011. The financial results of the Company during this period are as follows;
|
September 30, |
September 30, |
|
|
2011 |
2010 |
|
|
(Un-audited) |
(Un-audited) |
|
|
(Rupees) |
(Rupees) |
|
| SALES – NET | 1,463,868,764 | 1,358,421,176 |
| COST OF SALES | (1,388,639,553) | (1,147,333,425) |
| ————- | ————- | |
| GROSS PROFIT | 15,229,211 | 211,087,751 |
| OPERATING EXPEINSES: | ||
| Distribution Cost | (23,943,914) | (23,896,858) |
| Administrative | (21,836,026) | (20,874,455) |
| ————- | ————- | |
| (45,779,940) | (44,771,313) | |
| ————- | ————- | |
| OPERATING PROFIT | 29,449,271 | 166,316,438 |
| Financial Cost | (48,061,449) | (68,842,711) |
| Other operating Income | 167,250 | 1,200,027 |
| ————- | ————- | |
| (47,294,199) | (67,642,684) | |
| ————- | ————- | |
| (LOSS) / PROFIT BEFORE TAXATION | (17,844,928) | 98,673,754 |
| TAXATION | (14,638,688) | (8,335,638) |
| ————- | ————- | |
| (LOSS) / PROFIT FOR THE PERIOD | (32,483,616) | 90,338,116 |
| ————- | ————- | |
| (LOSS) / PROFIT PER SHARE – BASIC | (0.25) | 0.69 |
For more information, contact:
Kohinoor Spinning Mills Limited
31-F, Main Market Gulberg II,
Lahore – Pakistan.
Tel: 042-35755774
Fax: 042-35755760