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Mubarak Textile Mills Limited’s financial results for the year ended 30th June 2011

October 6, 2011 Financial Results

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on Thursday the 06th day of October 2011 recommended the following:

 

i. Cash Dividend (NIL)
ii) Bonus Share (NIL)
iii) Right Share (NIL)

 

The Financial Results of the Company are as Follows:

 

30 June 2011

30 June 2010

Rupees

Rupees
Processing income / sale 10,500,401 20,391,091
Cost goods sold 6,559,837  13,194,378
 ———– ———–
Gross profit/ (loss) 3,940,564  7,196,713
Operating expenses
Administrative and general expenses 3,358,718  2,478,247
Selling expenses/ distribution – –
———– ———–
3,358,718 2,478,247
 ———– ———–
Operating profit / (loss)  581,846 4,718,466
Other operating income (7,444,020) 2,830,628
 ———– ———–
(6,862,174) 7,549,094
Financial cost 5,125,034  6,309,508
Workers’ (profit) participation fund – 61,979
Workers welfare fund – 23,090
———– ———–
5,125,034  6,394,577
———– ———–
Net profit / (loss) before taxation  (11,987,208) 1,154,517
Provision for taxation 313,869 403,865
———– ———–
Net profit / (loss) after taxation (12,301,077) 750,652
 ———–  ———–
Earning per share  (2.28) 0.14

 

 

Annual General Meeting of the Company will be held on October 31, 2011 at 11. a.m. at 20 KM off Ferozepur Road, Lahore, subject to the approval and confirmation by the Karachi Stock Exchange ( Guarantee) Ltd, in accordance with the listing regulation # 30.

The share transfer books of the company will remain closed from October 28, 2011 to November 05, 2011 (both days inclusive ) transfer received in order at registered office of the company by close of business on October 25, 2011 will be treated in time.

For more information, contact:
Mubarak Textile Mills Limited
20-KM Off Ferozepur Road, Lahore,
Punjab, Pakistan
Tel: 9242-5820513/5271343
Fax: 9242-5820515

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