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Shahtaj Textile Limited’s financial results for the half year ended 31.12.2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held today the 25th February, 2012 at 11.00 AM., have not recommended any cash dividend or any other benefit.

The financial results of the company are as under:

 

Six months Period ended

Quarter ended

December

December

December

December

31,2011

31,2010

31,2011

31,2010

Rupees

Rupees

Rupees

Rupees

Sales- net 2,117,277,133 1,821,154,912 986,779,202 930,183,490
Cost of goods sold (1,913,418,441) (1,644,928,808) (910,069,444) (863,416,276)
————- ————- ————- ————-
Gross profit 203,858,892 176,226,104 76,709,758 68,767,214
Other operating income 7,747,328 14,178,281 3,379,597 5,944,791
————- ————- ————- ————-
211,606,020 190,404,385 80,089,355 72,712,005
Distribution cost (22,563,287) (8,249,346) (13,445,844) (5,143,591)
Administrative expenses (26,363,666) (22,976,429) (15,141,383) (12,547,702)
Other operating expenses (6,482,097) (7,633,054) (1,331,512) (2,058,053)
Finance cost (68,735,629) (47,954,101) (32,204,643) (24,593,331)
————- ————- ————- ————-
(124,144,679) (86,812,930) (62,123,582) (44,342,677)
————- ————- ————- ————-
Profit/(loss) before tax 87,461,341 103,591,455 17,965,773 28,369,328
Taxation – net (31,867,330) (27,144,575) (7,543,681) (1,606,554)
————- ————- ————- ————-
Profit/(loss) after taxation 55,594,011 76,446,880 10,421,892 26,762,774
Other comprehensive income
————- ————- ————- ————-
Total Comprehensive Income / (loss) 55,594,011 76,446,880 10,421,892 26,762,774
————- ————- ————- ————-
Earnings per share – Basic and diluted 5.76 7.91 1.08 2.77

 

We will be sending you 300 copies of printed Accounts for distribution amongst the members of the Exchange in due course of time.

For more information, Contact:
Shahtaj Textile Limited
19 Dockyard Road, West Wharf,
P.O. Box: 4766, Karachi – 74000, Pakistan
Tel: (92-21) 32313934-8, 32312834, 32310973
Fax: (92-21) 32205723
E-mail: sales@shahtaj.com
Website: www.shahtaj.com

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