N.P. Spinning Mills Limited’s financial results for the year ended June 30, 2012 : AsiaNet-Pakistan

N.P. Spinning Mills Limited’s financial results for the year ended June 30, 2012

[ 0 ] October 8, 2012 | Financial Results | Share:

Karachi, October 8, 2012 (PPI-OT): In compliance with the listing regulations of the Exchange, we have to inform you that the Board of Directors of the Company in its meeting held on October 05, 2012 at 3:30 p.m. at its registered Office (Karachi) has passed over payment of dividend for the year ended June 30, 2012.

The financial results of the Company are as follows:-

Amount in Rupees

June 30, 2012

June 30, 2011

Sales

1,792,499,017

2,129,405,131

Cost of goods sold

(1,756,285,594)

(1,952,540,131)

————-

————-

Gross profit

36,213,423

176,865,000

Other operating income

12,072,712

2,992,631

————-

————-

48,286,135

179,857,631

————-

————-

Distribution cost

13,483,352

21,618,163

Administrative expenses

45,997,162

50,827,171

Other operating expenses

20,491,115

8,707,555

Finance cost

25,871,026

12,551,715

————-

————-

(105,842,655)

(93,704,604)

————-

————-

(Loss)/ profit before taxation

(57,556,520)

86,153,027

Provision for taxation

(18,293,414)

(30,110,137)

————-

————-

(Loss)/ profit after taxation

(75,849,934)

56,042,890

Other comprehensive income

————-

————-

Total comprehensive income for the year

(75,849,934)

(56,042,890)

————-

————-

Earnings per share – basic and diluted

(5.16)

3.81

Annual General Meeting

The 22nd Annual General Meeting of the Company will be held Insha Allah on Wednesday October 31, 2012 at 9:30 a.m. at 7th Floor, Uni Tower, I.I. Chundrigar Road, Karachi, (copy of formal notice of meeting enclosed).

Book Closure

The Share Transfer Books of the Company will be closed from October 25, 2012 to October 31, 2012 (both days inclusive).

Notice of Meeting

Notice is hereby given that the 22nd Annual General Meeting of the Shareholders of N. P. Spinning Mills Limited will be held Insha Allah on Wednesday October 31, 2012 at 9:30 a.m. at 7th F1oor, Uni Tower, I.I. Chundrigar Road, Karachi, to transact the following business;-

1. To confirm the minutes of last Annual General Meeting held on October 29, 2011.

2. To receive, consider and adopt the Audited Accounts for the year ended June 30, 2012 together with Directors and Auditors reports thereon.

3. To appoint auditors for the year ending June 30, 2013 and fix their remuneration. The retiring auditors M/s. M. Yousuf Adil Saleem and Co., Chartered Accountants, being eligible, offer themselves for re-appointment.

4. To transact any other business with the permission of the Chair.

Notes:

1. The Share Transfer Books of the Company will remain closed from October 25, 2012 to October 31, 2012 (both days inclusive).

2. A member entitled to attend and vote at this meeting is entitled to appoint another member as a proxy to attend and vote on his/ her behalf. Proxies must be deposited at the registered office of the Company not less than 48 hours before the time of meeting.

3. The shareholders through CDC are requested to bring original CNIC, Account Number and Participant ID to facilitate identification and in case of proxy, must enclose an attested copy of CNIC. Representatives of Corporate Members should bring the usual documents.

4. Shareholders, who have not yet submitted copy of their valid CNIC are requested to send the same to our Share Registrar.

5. Change of address, if any, may please be notified immediately.

For more information, contact:
Muhammad Siddique
Company Secretary
N.P. Spinning Mills Limited
703, Uni Tower, I. I. Chundrigar Road,
Karachi-Pakistan
Phone: +92-21-32427202 (4 Lines)
Fax: +92-21-32427207
Email: info@npsm.com.pk

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Category: Financial Results

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