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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on 27th Day of April, 2012 at 10:30 A.M. at Head Office 2-Industrail Estate Multan recommended the following:
(i) Cash Dividend
An interim Cash Dividend for the Quarter ended 31-03-2012 at Rs. Nil per share. 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 interim 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 Sham 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 as follows:
|
Jul. 1st, 2011 to |
Jul. 1st, 2010 to |
Jan. 1st, 2012 to |
Jan. 1st, 2011 to |
|
|
March 31st 2012 |
March. 31st, 2011 |
March. 31st, 2012 |
March, 31st, 2011 |
|
|
Rupees |
Rupees |
Rupees |
Rupees |
|
| Sales |
2,606,951,375 |
2,768,895,282 |
793,671,297 |
1,150,854,664 |
| Cast of Goods Sold |
(2,370,488,403) |
(2,503,591,558) |
(687,293,317) |
(1,016,712,292) |
|
————- |
————- |
———– |
————- |
|
| Gross Profit |
236,462,972 |
265,303,724 |
106,377,980 |
134,142,272 |
| Other Operating Income |
8,826,859 |
415,676 |
(626,275) |
285,889 |
| Distribution Cost |
(38,932,349) |
(37,070,611) |
(9,797,480) |
(15,274,842) |
| Administrative Expense |
(34,904,297) |
(27,078,105) |
(8,170,809) |
(9,337,159) |
| Other Operating Expense |
(8,215,355) |
(6,029,722) (4,379,396) |
(5,288,083) |
|
| Finance Cost |
(58,110,935) |
(74,198,395) |
(24,758,034) |
(30,887,824) |
|
————- |
————- |
———– |
————- |
|
|
(131,336,077) |
(143,961,157) |
(47,731,994) |
(60,502,019) |
|
|
————- |
————- |
———– |
————- |
|
| Profit Before Taxation |
105,126,894 |
121,342,668 |
58,645,985 |
73,640,253 |
| Provision For Taxation |
(41,368,499) |
(63,045,063) |
(22,925,351) |
(40,864,656) |
|
————- |
————- |
———– |
————- |
|
| Profit After Taxation |
63,758,396 |
58,297,505 |
35,720,635 |
26,775,597 |
|
————- |
————- |
———– |
————- |
|
| Earning Per Share-Basic |
3.80 |
3.47 |
2.13 |
1.59 |
The Share Transfer Books of the Company will be Closed from 21.04.2012 to 27.04.2012 (Both Days Inclusive). Transfers received at the Share Registrars, M/s HM Associates, 7-Bank Square, Lahore at the close of business on 20.04.2012 will be treated in time.
For more information, Contact:
Muhammad Ehananullah Khan
Company Secretary
Maqbool Textile Mills Limited
2-Industrial Estate, Multan –Pakistan.
Tel: +92 61 653 9551-2, 653 7155,
Fax: +92 61 653 9042
E-mail: marketing@maqboolgroup.com
Web: www.maqboolgroup.com