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Asim Textile Mills Limited’s financial results for the year ended 30.06.2011

Karachi: We have to inform you that the Board of Directors of our company in their Meeting held on 8th October, 2011 at 9.30 A.M approved the following financial results:

 

Year Ended

30.06.11

30.06.10

 (Rupees in thousand)
Sales – net 1,094,821 832,800
Cost of sales 1,035,392 793,288
Gross profit  59,429 39,512
operating expenses
Distribution cost 481 297
Administrative expenses 12,594 10,908
other expenses 3,354 2,013
Finance cost 361 311
Other operating income 2,439 1,178
Profit before taxation 45,078 27,161
Taxation 6,049 332
Profit for the year 39,029  26,829
Earnings per share – Basic (Rupees per share) 2.57 1.77

 

The Annual General Meeting of members of the company will be held at .JK House, 32-W Susan Road, Faisalabad at 9.30 A.M on 31.10.2011, with book closure from 26.10.2011. to 01.11.2011. (Both days inclusive)

For more information, contact:
Asim Textile Mills Ltd.
JK House 32-W Susan Road, Madina Town,
Faisalabad 38090, Pakistan.
Tel: +92-41-8721953-6
Fax: +92-41-8712399

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