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Karachi, December 10, 2012 (PPI-OT): We would like to inform you that the Board of Directors meeting was held on December 10, 2012 at 10:00 A.M. at registered office 24, Ali Bhai Centre, 2nd Floor, 233-A, P.E.C.H.S., Block-2, Karachi and approved the enclosed unaudited accounts for the Quarter ended on September 30, 2012. The unaudited Profit and Loss account for the quarter ended on September 30, 2012 is as follows:
|
Three Months |
||
|
September 30 |
September 30 |
|
|
2012 |
2011 |
|
|
(July-September) |
||
|
Rupees |
||
| Sales |
563,455,496 |
383,693,481 |
| Cost of goods sold |
(494,724,574) |
(364,596,129) |
|
———– |
———– |
|
| Gross profit |
68,730,922 |
19,097,353 |
| Other operating income |
900,676 |
2,136,051 |
|
———– |
———– |
|
|
69,631,548 |
21,233,404 |
|
| Distribution expenses |
(6,983,909) |
(5,408,943) |
| Administration expenses |
(3,315,438) |
(2,820,022) |
| Other operating expenses |
– |
(1,298,235) |
| Finance cost |
(13,040,666) |
(5,416,747) |
|
———– |
———– |
|
| Profit before taxation |
46,291,535 |
6,289,456 |
| Provision for taxation |
(7,680,199) |
(5,899,836) |
|
———– |
———– |
|
| Profit after taxation |
38,611,336 |
389,620 |
|
———– |
———– |
|
| Earning per share-Basic and diluted |
2.42 |
0.02 |
For more information, contact:
Ali Asghar
Company Secretary
Quality Textile Mills Limited
24, Ali Bhai 2nd Floor 233-A, P.E.C.H.S.
Block 2, Karachi, Pakistan
PABX 0092-21-4538855-4538788-4529325
Fax: 0092-21-4538799
MB Phone: 0300-8225358
Website: www.qualitytextile.com
E-mail: yarn@qualitytextile.com