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Karachi, October 24, 2012 (PPI-OT): We are pleased to inform you that the Board of Directors of Shams Textile Mills Limited (STML) in their meeting held on today at 10:30 a.m. at Lahore have considered and approved the financial results of Shams Textile Mills Limited for the period ended September 30, 2012 and the Board of Directors recommended the following:
(i) Cash Dividend
Nil
(ii) Bonus Shares
Nil
(iii) Right Shares
Nil
(iv) Any Other Entitlement/ Corporate Anion
Nil
(v) Any Other Price-Sensitive Information
Nil
The financial results of the Company are attached herewith.
Condensed Interim Profit and Loss Account (Un-Audited) for the Period Ended 30 September 2012
|
30 September |
30 September |
||
|
2012 |
2011 |
||
|
Note |
(Rupees in Thousand) |
||
| Sales |
9 |
1,206,864 |
736,096 |
| Cost of Sales |
10 |
(1,048,605) |
(852,522) |
|
——— |
——- |
||
| Gross Profit/ (Loss) |
158,259 |
(116,426) |
|
| Distribution Cost |
(27,616) |
(11,257) |
|
| Administrative Expenses |
(11,304) |
(10,342) |
|
| Other Operating Expenses |
(17,462) |
(3,600) |
|
|
——— |
——- |
||
|
(56,382) |
(25,199) |
||
|
——— |
——- |
||
|
101,877 |
(141,625) |
||
| Other Operating Income |
3,188 |
765 |
|
|
——— |
——- |
||
| Profit/ (Loss) from Operations |
105,065 |
(140,860) |
|
| Finance Cost |
(12,353) |
(26,389) |
|
|
——— |
——- |
||
| Profit/ (Loss) before Taxation |
92,712 |
(167,249) |
|
| Taxation |
(9,633) |
(7,361) |
|
|
——— |
——- |
||
| Profit/ (Loss) after Taxation |
83,079 |
(174,610) |
|
|
——— |
——- |
||
| Earnings/ (Loss) Per Share-Basic and Diluted (Rupees) |
9.62 |
(20.21) |
|
The annexed notes form an integral part of these financial statements.
For more information, contact:
Shams Textile Mills Limited
7-B-3 Aziz Avenue,
Gulberg 5, Lahore, Pakistan
Tel: +92 (42) 576 0381 – 576 0379
Fax: +92 (42) 576 0376