Home / Financial Results / Dewan Farooque Spinnig Mills Limited’s financial results for the first quarter ended September 30, 2011

Dewan Farooque Spinnig Mills Limited’s financial results for the first quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on October 31, 2011 at 04:30 p.m. of Karachi, Pakistan, recommended the following:

(i) Cash Dividend                                   Nil

And/ Or

(ii) Bonus Shares                                   Nil

And/ Or

(iii) Right Shares                                  Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action         Nil

And/ Or

(v) Any Other Price-Sensitive Information           Nil

The un-audited financial results of the Company for the First Quarter ended September30, 2011, are as follows:

 

July 2011

July 2010

to

to

Sept2011

Sept2010

(Rupees)

Sales and Services (Net) 339,787,517  398,320,884
Cost of Sales 370,479,717 355,512,038
 ———– ———–
Gross (Loss) / Profit  (30,692,140) 42,808,846
Administrative and General expenses  8,440,041  4,242,692
Selling and distribution expenses  8,137,427  5,463,114
———– ———–
16,577,468 9,705,806
 ———–  ———–
Operating (Loss) / Profit (47,269,608) 33,103,040
Other Income 610,674 96,945
 ———– ———–
(46,658,934) 33,199,985
Other Charges
Finance cost  2,840,721  61,133
Worker’s Profit Participation Fund  – 1,656,943
 ———–  ———–
2,840,721 1,718,076
 ———– ———–
(Loss) / Profit before taxation (49,499,655)  31,481,909
———– ———–
Taxation
Current  3,635,097 3,995,933
Deferred  –  8,995,018
 ———–  ———–
3,635,097 12,990,951
 ———– ———–
(Loss)/ Profit after taxation  (53,134,752) 18,490,958
 ———–  ———–
Basic (toss) / earnings per share (Rupees)   (0.54)  0.31

 

For more information, contact:
Haroon Iqbal
Director
Dewan Farooque Spinnig Mills Limited
Finance and Trade Centre (FTC),
7th Floor, Block-A,
Shahrah-e-Faisal, Karachi- Pakistan
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860
Web: www.dewangroup.com

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