Latif Jute Mills Limited’s financial result for the quarter/ half year ended Dec 31, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Saturday 14th January, 2012 at 12:00 Noon at City Office 18/3, G/F, Mehran VI P Complex, Dr. Daud Pota Road. Near Cantt Station, Karachi recommended the following:

(i) Cash Dividend

A final Cash Dividend for the Quarter/ Half Year ended December, 31, 2011 at Rs. Nil per share i.e. Nil%. This is in addition to Interim Dividend (s) already paid at Rs. Nil per share i.e. Nil%.

And / Or

(ii) Bonus Shares

It has been recommended by the Board of Directors to issue Bonus Shares in proportion of Nil share(s) for every Nil share(s) held i.e. Nil %. This is in addition to the Interim Bonus Shares already issued @ Nil %.

And/ Or

(iii) Right Shares

 

The Board has recommended to issue Nil% Right Shares at par / at a discount /premium of Rs. Nil per share in proportion of Nil share(s) for every Nil share(s). The entitlement of Right Shares being declared simultaneously will be / will not be applicable on Bonus Shares as declared above.

And/ Or

(iv) Any Other Entitlement / Corporate Action

And / Or

(v) Any Other Price-Sensitive Information

The financial results of the Company are enclosed.

The above entitlement will be paid to the Shareholders whose name will appear in the Register of Members on.

The Share Transfer Books of the Company will be closed from — to — (both days inclusive). Transfers received at the City Office 18/3, G/F, Mehran VIP Complex, Dr. Daud Pota Road, Near Cantt Station, Karachi at the close of business on — will be treated in time for the purpose of above entitlement to the transferees.

Profit and Loss Account for the Period Ended December 31, 2011

 

		Six Months	Six Months	Quarter	Quarter
		Ended	Ended	Ended	Ended
		Dec, 31	Dec, 31	Dec, 31	Dec, 31
		2011	2010	2011	2010
	Note	Rupees	Rupees	Rupees	Rupees
Rental income	13	2,100,005	2,741,787	1,089,055	1,064,842
Administrative expenses	14	(1,890,867)	(2,028,918)	(1,008,405)	(1,078,458)
Finance cost	15	(47,149)	(1,650)	(29,976)	(500)
		———	———	———	———
		(1,938,016)	(2,030,568)	(1,038,381)	(1,078,958)
		———	———	———	———
Operating income		162,039	711,219	50,674	(14,116)
Other income		5,062	–	5,062	–
		———	———	———	———
Profit before taxation		167,101	711,219	55,736	(14,116)
Taxation	16	(105,003)	(137,089)	(29,178)	(53,242)
		———	———	———	———
Profit after taxation		62,098	574,130	26,558	(67,358)
		———	———	———	———
		62,098	574,130	26,558	(67,358)
		———	———	———	———
Earnings per share Basic and diluted	17	0.02	0.15	0.01	(0.02)

 

For more information, contact:
Latif Jute Mills Limited
18/3, G/F, Mehran VIP Complex II,
DR. Dawood Pota Road,
Near Cantt, Station, Karachi.
Tel: 35220383 – 35220386,
Fax: 35623775
E-Mail: bawanypk@gmail.com