Home / Financial Results / Al-Abid Silk Mills Limited’s financial results (un-audited) for the 1st quarter ended on 30.09.2011

Al-Abid Silk Mills Limited’s financial results (un-audited) for the 1st quarter ended on 30.09.2011

Karachi: We have to inform you that the Board of Directors at their meeting held on October 29, 2011 at 11:00 a.m. approved the following un-audited quarterly accounts for the 1st Quarter ended on September 30, 2011.

The financial results of Company are as follows:

 

Three Months Ended

Three Months Ended

July-September 2011

July-September 2010

Rupees

Rupees

Sales and services 2,739,627,651  2,740,038,740
Cost of sales   (2,365,496,273) (2,421,754,802)
 ————- ————-
Gross profit 374,131,378 318,283,938
Operating expenses
Distribution cost 89,737,406 88,612,430
Administrative expenses 79,199,203  65,361,280
3,379,912 3,714,760
 ————- ————-
Other operating expenses 172,316,521 57,688,470
 ————- ————-
201,814,857 160,595,468
Other income  2,141,320 2,022,144
 ————-  ————-
Profit from operations  203,956,177  162,617,612
Finance cost  158,085,941  112,203,011
 ————-  ————-
Profit before taxation  46,870,236 50,414,601
Taxation – current 28,096,245 28,233,535
————- ————-
Profit after taxation 17,773,988  22,181,066
Other comprehensive Income
 ————- ————-
Total Comprehensive income 17,773,988 22,181,088
————- ————-
Restated
Earnings per share- basic and diluted  1.33 2.39

 

For more information, contact:
S.M. jawed Azam
Company Secretary
Al-Abid silk mills Limited
Phones: (92-21) 32560040-48
Fax No: (92-21)32564718-32563639
E-mail: mail@alabid.com
URL: www.alabid.com
A/139.S.I.T.E. Manghopir Road, Karachi.
P.O. Box: 3677 S.I.T.E. Karachi

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