Karachi, Ideal Spinning Mills Limited informed Karachi Stock Exchange about the board meeting of the company scheduled to be held on February 25, 2015 at Faisalabad. The agenda of the meeting shall be consideration of quarterly accounts for the six month period ended December 31, 2014.
Ideal Spinning Mills Limited’s financial results for the half ended 31 December, 2012
Karachi, February 28, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 03:30 p.m on Feb 27, 2013 recommended the following:
Proposed Dividend : NIL
Right Share : NIL
Bonus Share : NIL
Finance Results of the Company are as follows:
Half year ended |
Quarter Ended |
|||
31 December |
31 December |
31 December |
31 December |
|
2012 |
2011 |
2012 |
2011 |
|
Rupees in thousand |
||||
Sales |
960,446 |
997,404 |
497,445 |
464,625 |
Cost of sales |
(876,368) |
(927,866) |
(465,376) |
(432,052) |
——- |
——- |
——- |
——- |
|
Gross Profit |
84,078 |
49,538 |
32,069 |
32,573 |
Distribution cost |
(10,472) |
(7,696) |
(5,483) |
(3,908) |
Administrative expenses |
(29,382) |
(20,047) |
(15,491) |
(9,329) |
Other operating expenses |
(1,319) |
(256) |
(1,187) |
(256) |
——- |
——- |
——- |
——- |
|
(41,173) |
(27,999) |
(22,161) |
(13,493) |
|
——- |
——- |
——- |
——- |
|
42,905 |
21,539 |
9,908 |
19,080 |
|
Other operating income |
559 |
226 |
546 |
226 |
——- |
——- |
——- |
——- |
|
Profit from operations |
43,464 |
21,765 |
10,454 |
19,306 |
Finance cost |
(21,001) |
(20,256) |
(11,177) |
(12,260) |
——- |
——- |
——- |
——- |
|
Profit/ (loss) before taxation |
22,463 |
1,509 |
(723) |
7,046 |
Provision for Taxation |
(4,347) |
(4,399) |
(1,775) |
716 |
——- |
——- |
——- |
——- |
|
Profit/ (loss) after taxation |
18,116 |
(2,890) |
(2,498) |
7,762 |
——- |
——- |
——- |
——- |
|
Earnings/ (loss) per share-basic | ||||
and diluted (Rupees) |
1.83 |
(0.29) |
(0.25) |
0.78 |
For more information, contact:
Director
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833
Ideal Spinning Mills Limited’s notice of meeting
Karachi, February 20, 2013 (PPI-OT): Notice is hereby given that the meeting of Board of Directors’ of Ideal Spinning Mills Limited (IDSM) is going to be held at 1088/2, Jail Road, Faisalabad on Wednesday 27th February 2013 at 03:30 p.m to transact the following business:
1. To confirm the minutes of tee last Board meeting of the company.
2. To consider and approve the un-audited financial statements along with Directors report for the period ended 31 December 2012.
3. To transact any other business with the permission of chair.
As per the requirements of the code of corporate governance clause No. XXVI it is to intimate you that the closed period (in which the directors of the company are prohibited to sell and purchase the share of the company) is from 20/02/2013 to 27/02/2013 (both days inclusive).
For more information, contact:
Company Secretary
Muhammad Nadeem
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833
Ideal Spinning Mills Limited’s free float of shares
Karachi, January 23, 2013 (PPI-OT): In accordance with the regulation No. 21 (3) of the Listing Regulation, we provide the Free-Float of Shares of our company as on December 31, 2012.
Total Outstanding Shares | 9,920,000 | |
Less Shares held by Directors / Sponsors | 7,437,900 | |
Shares available in CDS | 1,322,000 | |
Shares in physical form | 6,115,900 | |
Government Holdings as promoter/ acquirer/ controller | – | |
Shares held by Associated Companies (Cross holdings) | – | |
Shares held with general public in Physical Form | 692,800 | 8,130,700 |
Free-Float: | 1,789,300 | |
Total number of shares available in CDS | 3,111,300 | |
Total number of shares available in Physical Form | 6,808,700 |
For more information, contact:
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833
Ideal Spinning Mills Limited’s notice of annual general meeting
Karachi, October 8, 2012 (PPI-OT): Please find enclosed a copy of Notice of Annual General Meeting for circulation amongst your members. The meeting is scheduled to held on October 31st 2012 at Bagh-e-Zehra Building, GK-7, 60 Bagh-e-Zehra Street, Kharadar, Karachi and aforementioned notice would be published in Newspapers on October 9th 2012.
Notice of Meeting
Notice is hereby given that the 24th Annual General Meeting of Ideal Spinning Mills Limited will be held at Bagh-e-Zehra Building, GK-7, 60 Bagh-e-Zehra Street Kharadar, Karachi-74000 on October 31, 2012 at 11.30 a.m. to transact the following business:
1. To confirm the minutes of the last Annual General Meeting held on October 31, 2011.
2. To receive consider and adopt the Audited Financial Statements of the company for the year ended June 30, 2012 together with Directors’ and Auditors’ report thereon.
3. To appoint Auditors for the year 2012-2013 and fix their remuneration. The present Auditor M/S Riaz Ahmed and Company chartered Accountants, being eligible have offered themselves for reappointment.
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 24, 2012 to November 01, 2012 (both days inclusive) transfers received at share registrar M/S Consulting One (Pvt.) Ltd, 478-D, Peoples Colony No. 1 Faisalabad at the close of business hours on 23rd October, 2012 will be treated in time.
2. A member entitled to attend and vote at this General Meeting is entitled to appoint another member as proxy. Proxies received in order to be effective at the Registered Office of the company not less than 48 hours before the time for the meeting.
3. Any individual beneficial owner of CDC, entitled to attend and vote at this meeting, must bring his/her original CNIC or passport to prove his/her identity and in case of proxy must enclosed an attested copy of his/her CNIC or passport. Representatives of corporate members should bring the usual documents required for such purpose.
4. Shareholders are requested to promptly notify the company of change in their addresses.
For more information, contact:
Muhammad Nadeem
Company Secretary
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833
Ideal Spinning Mills Limited’s financial results for the 3rd quarter ended 31 March, 2012
Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 03:30 p.m. on Apr 26, 2012 recommended the following.
Proposed Dividend: NIL
Right Share NIL
Bonus Share NIL
Financial Results of the Company are as follows:
For third Quarter ended |
Quarter ended |
|||
31 March |
31 March |
31 March |
31 March |
|
2012 |
2011 |
2012 |
2011 |
|
(Rupees in thousand) |
||||
Sales |
1,464,128 |
1,138,461 |
486,724 |
687,980 |
Cost of Sales |
(1,376,588) |
(1,486,585) |
(448,722) |
(587,361) |
——— |
——— |
——- |
——- |
|
Gross Profit |
87,540 |
251,876 |
38,002 |
100,619 |
Distribution Cost |
(11,510) |
(14,590) |
(3,814) |
(6,208) |
Administrative Expenses |
(31,790) |
(28,526) |
(11,743) |
(10,330) |
Other Operating Expenses |
(786) |
(11,238) |
(530) |
(4,501) |
——— |
——— |
——- |
——- |
|
(44,086) |
(54,354) |
(16,087) |
(21,039) |
|
——— |
——— |
——- |
——- |
|
43,454 |
197,522 |
21,915 |
79,580 |
|
Other Operating Income |
(160) |
32 |
(386) |
20 |
——— |
——— |
——- |
——- |
|
Profit From Operations |
43,294 |
197,554 |
21,529 |
79,600 |
Finance Cost |
(34,055) |
(47,897) |
(13,799) |
(20,851) |
——— |
——— |
——- |
——- |
|
Profit Before Taxation |
9,239 |
149,657 |
7,730 |
58,749 |
Provision For Taxation |
(9,001) |
(49,912) |
(4,602) |
(7,113) |
——— |
——— |
——- |
——- |
|
Profit After Taxation |
238 |
99,745 |
3,128 |
51,636 |
——— |
——— |
——- |
——- |
|
Profit Earnings per share – basic | ||||
and Diluted (Rupees) |
0.02 |
10.05 |
0.32 |
5.21 |
For more information, Contact:
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833
Ideal Spinning Mills Limited’s board meeting
Karachi: Reference to your letter No.KSE / Gen-3476, please note that meeting of Board of Directors will start at 3:30 P.M. Therefore we will fax our results to your goodself on 9:30 A.M. on 27 April, 2012.
For more information, contact:
Company Secretary
Muhammad Nadeem
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833