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Colony Mills Limited’s financial results

Karachi: We have to inform you that the board of Directors in their meeting held On Monday, October 31 2011 at 11:00 am at Ismail Aiwan-e-Science Building, 205 Ferozepur Road, Lahore., has recommended the following:-

The board has not recommended any Cash dividend Bonus/Right shares for the period ended September 30, 2011.

The financial results of the company are as follows:

For the period ended

For the period ended

September30, 2011

September30, 2010

Rupees in thousand

Sales – Net  2,703,164 2,436,747
Cost of goods sold 2,412,918 2,024,588
 ———  ———
Gross profit   290,246 412,159
Operating Expenses  69,486 66,552
——— ———
  220,760  345,607
Other Income 12,376 9,819
 ———  ———
  233,136  355,426
Financial and Other Charges 302,852  291,453
——— ———
Profit / Loss before taxation  (69,716) 63,973
Provision for Taxation (27,078)  (24,405)
———  ———
Net Profit/ (Loss) for the period (96,794) 39,568
 ——— ———
Earnings / (Loss) for shares – Basic Rupees  (0.40)  0.16

 

For more information, contact:
Colony Mills Limited
Ismail Aiwan-e-Science,
Shahrah-e-Jalaluddin Roomi,
Lahore-54600 Pakistan.
UAN: +92 42 111-COLONY
Fax: +92 42 35763247
Website: www.colonygroup.com

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