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Bilal Fibres Limited’s financial results for the year ended 30-06-2011

Karachi: We have to inform you that Board of Directors of our company in their meeting held on 06-10 2011 at 112-C, am at 112-C, Block E/1, Ghalib Road, Gulberg III, Lahore have approved Annual Audited Accounts for the year ended June 30, 2011.

 

Financial results of the company are as follows:-

 

For year

ended June 30, 2011

For year

ended June 30, 2010

Rupees

Rupees

Sales 1,930,498,535 1,309,870,016
Cost of Sales (1,789,574,888)  (1,196,174,545)
————- ————-
Gross profit 140,923,697 113,595,471
Other Operating Income 7,550,372 6,212,905
Distribution Cost  (25,067,746) (14,558,102)
Administrative Expenses (25,213,954)  (26,972,001)
Other Operating Expenses (1,271,851) (30,465,958)
Finance Cost  (73,295,359) (62,357,638)
————- ————-
Profit / (Loss) before taxation 23,625,159 (14,445,323)
Provision for Taxation (41,585,308) 5,051,917
 ————- ————-
Loss for the year (17,960,149) (9,393,406)
————- ————-
Loss per share (1.27) (0.67)

 

 

FURTHER RESOLVED THAT no dividend is recommended for the year ended 30-06-2011 in view of losses incurred by the Company.

The Annual General Meeting of the shareholders of Bilal Fibres Limited (BILF) will be held on, Thursday 27th October, 2011 at 09:30 A.M at the registered office of the company at 112-C, Block E/1, Ghalib Road, Gulberg III, Lahore.

The share transfer book of the company will remain dosed from October 20, 2011 to October 27, 2011 (both days inclusive). Transfers received at the 1-K, Wing Arcade, Model Town, Lahore at the close of business on 19-10-2011 will be treated in time for the purpose of above entitlement to the transferees.

Corresponding figures have been reclassified / rearranged and regrouped wherever necessary for compliance, better understanding and presentation.

For more information, contact:
Rizwan Aslam
Company Secretary
Bilal Fibres Limited
112-C, Block E/1,
Ghalib Road,
Gulberg – III,
Lahore – Pakistan.
Tel: +92-42-35717701-6
Fax: +92-42-35717707
Email: info@bilalfibres.com
Web: www.bilalfibres.com

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