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Karachi: We have to inform you that the Board of Directors in their meeting held on October 08, 2011 at 11:30 AM and recommended the followings:
Cash Dividend: Nil
Bonus Issue: Nil
Right Shares: Nil
Any Other Entitlement: Nil
The financial results of the Company are enclosed as per Annexure “A”.
Profit and loss account for the year ended June 30, 2011
| 2011 | |
| Rupees | |
| Sales – net | – |
| Cost of sales | – |
| ———– | |
| Gross (Loss)/ Profit | – |
| Operating expenses: | |
| Administrative | (8,377,012) |
| Selling and distribution | – |
| ———– | |
| (8,377,012) | |
| ———– | |
| Operating Loss | (8,377,012) |
| Other income | 14,630 |
| ———– | |
| (8,362,382) | |
| Financial and Other Charges | (2,313) |
| Workers’ Profit Participation Fund | – |
| ———– | |
| (2,313) | |
| ———– | |
| Loss before Taxation | (8,364,695) |
| Taxation – Current | – |
| ———– | |
| Loss after Taxation | (8,364,695) |
| ———– | |
| Accumulated Loss B/F | (371,577,371) |
| ———– | |
| Accumulated Loss C/F | (379,942,066) |
| ———– | |
| (Loss) / Earnings per Share – Basic | (0.36) |
For more informaiton, contact:
Nazir Cotton Mills Limited
3, Saint John Park, Lahore Cantt,
Lahore, Punjab
Tel: 042-6651770
Fax: 042-6662309