News Makers News From Pakistan
Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 11.00 A.M. on Thursday 29th September, 2011 recommended the following.
Cash Dividend
A final Cash dividend for the year ending 30.06.2011 @ Rs. Nil% per share which works out to Nil% of the Paid up Capital of the Company for the year interim Dividend has already been paid at Rs. Nil per share i.e. Nil %.
The financial results of the company are as follows.
|
Year Ending 30.06,2011 |
Year Ending 30.06.2010 |
|
|
Rupees |
Rupees |
|
| Sales and services | 10,481,908,852 | 10,826,885,480 |
| Cost of sales | (9,141,739,776) | (9,506,907,621) |
| ————– | ————– | |
| Gross profit | 1,340,169,076 | 1,319,977,859 |
| Operating expenses | ||
| Distribution Cost | 320,341,626 | 397,500,458 |
| Administrative Expenses | 279,745,957 | 248,562,126 |
| Other operating expenses | 13,617,841 | 15,401,551 |
| ————– | ————– | |
| (613,705,424) | (661,464,135) | |
| ————– | ————– | |
| 726,463,652 | 658,513,724 | |
| Other income | 6,798,985 | 4,198,818 |
| ————– | ————– | |
| Profit from Operations | 733,262,637 | 662,712,542 |
| Finance cost | (548,449,086) | (453,691,493) |
| ————– | ————– | |
| Profit before taxation | 184,813,551 | 209,021,049 |
| Taxation – current | (107,022,439) | (110,391,293) |
| ————– | ————– | |
| Profit for the year after taxation | 77,791,112 | 98,629,756 |
| Other comprehensive income | – | – |
| ————– | ————– | |
| Total Comprehensive income for the year | 77,791,112 | 98,629,756 |
| ————– | ————– | |
| Earrings per share – basic and diluted | 6.79 | 10.63 |
The Annual Genera Meeting of the Company will be held at 4.30 p.m. on October 27, 2011 at the Auditorium of the Institute of Chartered Accountants of Pakistan, G-31/8, Kehkashan, Clifton, Karachi.
The Share Transfer Books of the Company will be closed from October 20, 2011 to October 27, 2011 (both days inclusive).
For more information, contact:
S.M. Jawed Azam
Company Secretary
Al-Abid Silk Mills Limited
Phones: (92-21) 32560040-40
Fax No: (92-21) 32584718
E-mail: mail@alabid.com
URL: www.alabid.com
