Kohinoor Textile Mills Limited’s financial results for the first quarter ended September 30, 2011 (un-audited)

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Karachi: We have to inform you that the Board of Directors of our Company in their Meeting held on Wednesday, October 26, 2011 at 11:00 AM at 42-Lawrence Road, Lahore, the Registered Office of the Company recommended the following:-

 

Cash Dividend/Bonus Issue /Right Shares         Nil

The financial results of the Company are as follows: –

 

	30 September	30 September
	2011	2010
	(Rupees in thousands)
Sales	2,218,312	3,263,364
Cost of Sales	(1,882,277)	(2,777,285)
	———	———
Gross Profit	336,035	486,079
Distribution Cost	(97,451)	(119,082)
Administrative Expenses	(45,493)	(48,012)
Other Operating Expenses	(234)	(7,580)
	———	———
	(143,178)	(174,674)
	———	———
	192,857	311,405
Other Operating Income	19,865	21,112
	———	———
Profit from Operations	212,722	332,517
Finance Cost	(235,026)	(243,773)
	———	———
Profit/ (Loss) before Taxation	(22,304)	88,744
Provision for Taxation	(22,213)	(26,862)
	———	———
Profit/ (Loss) after Taxation	(44,517)	61,882
	———	———
Earnings/ (Loss) Per Share-Basic and Diluted (Rupees)	(0.18)	0.35

 

For more information, contact:
Muhammad Ashraf
Company Secretary
Kohinoor Textile Mills Limited
42-Lawrance Road, Lahore Pakistan
Ph: 36302261, 36302262
Fax: 92-42-3636872