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Karachi: As required under Listing Regulation no. (17) of Karachi Stock Exchange, we are pleased to enclose financial results of Mohammad Farooq Textile Mills Limited (MFTM) for the period ended 30th September, 2011.
Financial Results of Mohammad Farooq Textile Mills Ltd for the Period Ended 30th September, 2011
We have to inform you that the Board of Directors of Mohammad Farooq Textile Mills Ltd in their meeting held on Wednesday, at 1:30 P.M. at Plot Nos.6 and 7, Sector 21, Korangi Industrial Area, Karachi, recommended the following:
(i) Cash Dividend Nil
And/ Or
(ii) Bonus Issue Nil
And/ Or
(iii) Right Shares Nil
And/ Or
(iv) Any Other Entitlement/Corporate Action Nil
And/ Or
(v) Any Other Price Sensitive Information Nil
The Financial Results of the Company is as follows.
|
For period |
For Period |
|
|
ended |
ended |
|
|
30-09-2011 |
30-09-2010 |
|
|
Rupees in ‘000’ |
||
| Sales -Net | 1,585 | 125,044 |
| Cost of Goods sold | (2,139) | (210,281) |
| —– | ——- | |
| Gross loss | (554) | (85,237) |
| Other operating income – net | – | 113 |
| —– | ——- | |
| (554) | (85,124) | |
| Distribution cost | – | (2,631) |
| Administrative expenses | (1,684) | (8,113) |
| —– | ——- | |
| (1,684) | (10,744) | |
| —– | ——- | |
| Operating loss | (2,238) | (98,868) |
| Finance Cost | (1,617) | (20,344) |
| —– | ——- | |
| Loss before taxation | (3,855) | (116,212) |
| Provision for taxation | (16) | (1,070) |
| —– | ——- | |
| Loss after taxation | (3,871) | (117,282) |
| Loss per share (Rupee) | (0.20) | (6.21) |
The Share Transfer Books of the Company will be open from Thursday, December 1, 2011.
For more information, contact:
Sabiha Sumar
Chief Executive
Mohammad Farooq Textile Mills Limited
Plot 6 and 7, Sector 21,
Korangi Industrial Area, Karachi
P.O. Box: 4628
Tel: (021) 5011571-5, 5023006-8,
Fax: (021) 5011607, 5015498,
E-mail: mftml@cyber.net.pk
Web: www.mohammadfarooq.com.pk