News Makers News From Pakistan
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
