Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 30 09-2011 at 11:00 AM at 135-Upper Mall. Lahore, recommended the following:
(i) Cash Dividend
An Interim Cash Dividend for the year ended 33-06-2011 at Rs. Nil per share i.e. Nil%. This is in addition to Interim Dividend(s) already paid at Rs. Nil per share i.e. Nil %.
And/ Or
(ii) Bonus Shares
It has been recommended by the Board of Directors to issue Interim Bonus shares in proportion of Nil shares(s) for every Nil shares hold i.e., Nil % This is in addition to the Interim Bonus Shares already issued @ Nil %.
And/ Or
(iii) Right Shares
The Bard has recommended to issue Nil % Right Shares at par/at a discount/premium of Rs. Nil per share in proportion of Nil share(s) for every Nil share (s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.
And / Or
(iv) Any Other Entitlement / Corporate Action
And/ Or
(v) Any Other Price-Sensitive Information
The financial results of the company are as follows:-
Profit and Loss Account for the Year Ended June 30, 2 011
Year Ended June 30, 2011 |
Year Ended June 30, 210 |
|
Rupees |
Rupees |
|
Sales | – | – |
Cost of Sales | – | – |
———- | ———- | |
Profit | – | – |
Distribution Cost | – | – |
Administrative Expenses | (17,720,556) | (16,214,796) |
Other Operating expenses | – | – |
———- | ———- | |
(17,720,556) | (16,214,796) | |
(17,720,556) | (16,214,796) | |
Other Operating income / (Loss) | 116,378,701 | – |
———- | ———- | |
(1,341,855) | (16,214,796) | |
Finance cost | (1,462,724) | (4,057,370) |
———- | ———- | |
Loss before Taxation | (2,804,579) | (20,272,166) |
Taxation – (assets) | – | (992,765) |
———- | ———- | |
Profit / (Loss) after Taxation | (2,804,579) | (21,264,931) |
———- | ———- | |
Basic Earnings Per Share | (0.27) | (2.17) |
The annual General Meeting of the Company will be held on 31-10-2011 at 11.30 at Lahore.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 24-10-201 1.
The Share Transfer Books of the Company will be closed from 25-10-2011 to 31-10-2011 (both days inclusive), Transfers received at the 135-Upper Mall, Lahore (Registered office of the Company) at the close of business on 24-10-2011 will be treated in time for thy purpose of above entitlement to the transferees.
For more information, contact:
Brothers Textile Mills Limited
135,Upper Mall
Lahore.
Tel: 042-35757016, 042-35757013
Fax: 042-35710417
Website: www.brothers.com.pk