Brothers Textile Mills Limited’s financial results for the annual accounts for the year ended June 30, 2011

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