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Karachi, September 17, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Saturday the September 15, 2012 at 12:15 P.M at 8th Floor Textile Plaza M.A. Jinnah Road Karachi recommended the following:
Cash Dividend
A final Cash Dividend for the year ended June 30, 2012 at Re.1.00 per share i.e. 10%.
The financial results of the Company for the year ended June 30, 2012 are as following.
|
2012 |
2011 |
|
|
Rupees |
||
| Sales | 5,186,235,261 | 5,198,073,214 |
| Cost of goods sold | (4,564,204,197) | (4,427,677,077) |
| ————- | ————- | |
| Gross profit | 622,031,064 | 770,396,207 |
| Distribution cost | (169,737,144) | (171,248,568) |
| Administrative expenses | (71,172,625) | (62,647,453) |
| Other operating expenses | (40,034,591) | (27,458,431) |
| Other operating income | 11,642,083 | 39,364,808 |
| Finance cost | (267,609,464) | (182,375,096) |
| ————- | ————- | |
| (536,911,741) | (404,344,740) | |
| ————- | ————- | |
| Profit before taxation | 85,119,323 | 366,051,467 |
| Provision for taxation | (43,744,118) | (62,585,484) |
| ————- | ————- | |
| Profit for the year | 41,375,205 | 303,465,983 |
| ————- | ————- | |
| Earnings per share-basic and diluted | 2.39 | 17.52 |
The Annual General Meeting of the Company will be held on Friday the October 19, 2012 at 12:30 P.M.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 11th October 2012.
The Share Transfer books of the Company will be closed from the October 12, 2012 to October 19, 2012 (both days inclusive). Transfers received at the Noble Computer Services (Pvt.) Ltd., 1st Floor, House of Habib Building (Siddiqsons Towers), 3-Jinnah Cooperative Housing Society, Main Shahrah-e-Faisal Karachi-75350 at the close of business on 11th October 2012 will be treated in time.
For more information, contact:
Shahid Anwar Tata
Chief Executive
Tata Textile Mills Limited
8, 8th Floor, Textile Plaza, M.A. Jinnah Road,
Karachi-Pakistan
Ph: 3242-6761-2-4, 3241-2955-6-7
Fax: 3241-7710
E-Mail: headoffice@tatatex.com
Web Site: http://www.tatatex.com