News Makers News From Pakistan
Karachi: We have to inform you that the Board of Directors of our company in their Meeting held on Monday the 31st October 2011 at 10:30 A.M. at Gammon House, Rawalpindi have recommended the following: –
(i) Cash Dividend:
An Interim Cash Dividend for the 1st quarter ended 30th September 2011 Rs. NIL per share i.e. NIL %.
(ii) Bonus Issue:
It has been recommended by the Board of Directors to issue Interim Bonus Shares in proportion of NIL shares for every NIL share held i.e. NIL%.
(iii) Right Shares:
The Board has recommended to issue NIL % Right Shares at par/at premium of Rs. NIL per shares in proportion of NIL share for every NIL shares subject to the consent of the Controller Capital Issues.
(iv) Any Other Entitlement: Nil
The financial results of the company are as follow:-
|
1st Quarter Ended |
||
|
September |
September |
|
|
2011 |
2010 |
|
| Particulars |
(Rupees in thousands) |
|
| Sales | 218,930 | 227,777 |
| Cost of Sales | 138,232 | 141,759 |
| ——- | ——- | |
| Gross Profit | 80,698 | 86,018 |
| Distribution Cost | 9,054 | 9,179 |
| Administrative Expenses | 13,649 | 10,059 |
| Other Operating Expenses | 4,687 | 5,822 |
| Other Operating Income | (462) | (340) |
| ——- | ——- | |
| 26,928 | 24,720 | |
| ——- | ——- | |
| Operating Profit | 53,770 | 61,298 |
| Finance Cost | 6,983 | 5,287 |
| ——- | ——- | |
| Profit before Taxation | 46,787 | 56,011 |
| Taxation | 1,965 | 1,841 |
| ——- | ——- | |
| Profit after Taxation | 44,822 | 54,170 |
| ——- | ——- | |
| Rupees | ||
| Earning per Share | 5.89 | 7.12 |
Note:
Previous corresponding quarter’s figures have been restated wherever necessary for the purpose of comparison.
For more information, contact:
Bannu Woollen Mills Limited
D.I.Khan Road, Bannu (N.W.F.P-Pakistan).
Tel: +92-928-613151, 612274, 613250
Fax: +92-928-611450
Email: bwmltd@brain.net.pk
Website: www.bwm.com.pk
