Home / Financial Results / Dar Es Salaam Textile Mills Limited’s financial results for the 1st quarter ended September 30, 2011

Dar Es Salaam Textile Mills Limited’s financial results for the 1st quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors in their meeting held on October 29, 2011 considered and approved Un-Audited Condensed Interim Financial Statements of the Company for the period ended September 30, 2011 and did not recommend any cash dividend or bonus shares for the period ended September 30, 2011.

The financial results of the Company areas under:

 

September 30,

September 30,

2011

2010

(Rupees)

(Rupees)

Sales 287,752,908 301,424,777
Cost of Sales 327,039,823 300,287,046
 ———–  ———–
Gross Profit/ (Loss)  (39,286,915) 1,137,731
Operating Expenses
Administrative Expenses  10,791,979 9,335,137
Distribution Cost 93,597 59,415
 ———–  ———–
10,885,576 9,394,552
———– ———–
Operating Profit/ (Loss) (50,172,491)  (8,256,821)
Financial Expenses  (19,742,984)  (16,093,202)
Other Income 436,056
Other Charges (1,801,571)
———– ———–
Profit/ (Loss) before Taxation  (69,915,474) (25,715,538)
Provision for Taxation 9,220,077  10,682,878
———–  ———–
Profit/ (Loss) after Taxation (60,695,398) (15,032,660)
Accumulated Loss B/F  (235,792,868)  (181,850,009)
 ———–  ———–
Accumulated Loss Available for Appropriation  (296,488,266) (196,882,669)
Transferred from General Reserves
Transferred from Surplus on Revaluation of

Fixed Assets on Account of Incremental

Depreciation-Net of Deferred Tax 11,777,599 10,644,980
 ———– ———–
Accumulated Loss C/F  (284,710,666)  (186,237,689)
 ———–  ———–
Earnings per Share  (7.59)   (1.88)

 

For more information, contact:
Shahid Amin Chaudhry
Company Secretary
Dar Es Salaam Textile Mills Limited
63-B-I, Gulberg-III,
Lahore – 54662, Pakistan
Telephone No: +92 42 35878643-4,
Telefax No: +92 42 35878642
URL: www.dtm.com.pk

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