Zahidjee Textile Mills Limited’s financial results for the quarter ended September 30, 2011

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Karachi: This is to inform you that the Board of Directors of our company in their meeting held at 11:30 PM on Monday October 31, 2011 at registered office, 20, Bilal Road, Civil Lines, Faisalabad recommended the following:

CASH DIVIDEND

NIL

BONUS SHARES/ RIGHT SHARES /OTHER ENTITLEMENT

NIL

The Financial results of the company are as follows;

 

	September 30,	September 30,
	2011	2010
	Rupees	Rupees
Sales	818,599,773	1,063,677,950
Cost of goods sold	815,402,935	914,342,085
	————–	—————
Gross profit	3,196,838	149,335,865
Other operating income	13,044,397	209,403
	————–	—————
	16,241,235	149,545,268
Distribution cost	14,783,222	12,071,939
Administrative expenses	10,677,970	7,402,227
Other operating expenses	23,107,860	–
Finance cost	33,016,599	43,018,947
	————–	—————
	81,585,651	62,493,113
Share of loss of associate	–	(16,101,662)
(Loss)/profit before taxation	(65,344,416)	70,950,493
Provision for taxation	(7,308,557)	6,922,662
	————–	—————
(Loss)/profit for the period	(58,035,859)	64,027,831
	————–	—————
Earnings per share – Basic	(1.70)	1.88

 

For more information, contact:
Shahab-ud-din Khan
Company Secretary
Zahidjee Textile Mills Limited
20, Bilal Road, Civil Lines,
Faisalabad- Pakistan
Tel: +92 41 2649340,
Fax: +92 41 2615421
E-mail: zahidjee@zahidjee.com.pk
URL: www.zahidjee.com.pk