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