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

Dewan Khalid Textile 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 October31, 2011 at 03:30 p.m. at 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 September 30, 2011 are as follows:

 

July 2011 to

July 2010 to

Sep 2011

Sep 2010

(Rupees)

Sales-net 298,782,420 230,331,332
Cost of Sales   (287,515,829) (208,164,552)
  ———–  ———–
Gross Profit 11,266,591 22,166,780
Operating Expenses
Distribution Cost and Selling Expenses  (3,876,215) (204,563)
Administrative and General Expenses  (11,616,500) (3,392,431)
———–  ———–
 (15,492,715) (3,596,994)
———– ———–
Operating (Loss) / Profit  (4,226,124)  18,569,786
Finance Cost (54,976)  (21,732)
 ———–  ———–
 (4,281,100) 18,548,054
Impairment in Investment  –  (5,810,372)
Workers’ profit participation fund  – (636,884)
———–  ———–
(Loss) / Profit before Taxation  (4,281,100) 12,100,798
Taxation
– Current (2,987,959) (2,303,313)
– Deferred 8,688,065
———–  ———–
 (2,987,959) 6,384,752
 ———– ———–
(Loss) / Profit after Taxation   (7,269,059)  18,485,550
 ———–  ———–
(Loss) / Earning per Share – Basic (1.28) 3.25

 

For more information, contact:
Dewan Khalid Textile Mills Limited
Finance and Trade Centre (FTC),
8TH Floor, Block-A,
Shahrah-e-Faisal, Karachi, Pakistan
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860,
Web: www.dewangroup.com.pk

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