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Azam Textile Mills Limited’s financial results for the 1st quarter ended September 30, 2011

Karachi: The Board of Directors of Azam Textile Mills Limited (AZAMT) in their meeting held at 03:00 P.M on Saturday October 31, 2011 at 17-.Aziz Avenue, Canal Bank, Gulberg-V, Lahore the Registered Office of the Company have approved the following Un-Audited Financial Results of the Company for the 1st Quarter ended September 30, 2011.

 

(Unaudited)

Quarter

Quarter

Sep 30, 2011

Sep 30, 2011

Rupees

Rupees

Sales-Net 258,154,003 242,922,874
Cost of Goods Sold 245,355,973 206,806,681
 ———–  ———–
Gross Profit  12,798,030  36,116,193
Distribution Cost  183,822 313,547
Administrative Expenses 5,557,810  6,006,895
Other Operating Expenses  –  –
Financial Cost  8,917,840 3,519,092
 ———–  ———–
 14,659,412 9,839,534
 ———– ———–
Profit/ (Loss) Before Taxation (1,861,442)  26,276,659
Provision for Taxation  (2,581,539) (2,429,229)
———–  ———–
Profit/ (Loss) after Taxation (4,442,981) 23,847,430
 ———–  ———–
Earnings per Share (0.33) 1.80

 

For more information, contact:
Azam Textile Mills Limited
17 – Aziz Avenue,
Canal Bank, Gulberg – V,
Lahore- 54660, Pakistan.
Tel: 042-35715029-31
Fax: 042-35715015
Email: azamsaritow@saigols.com

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