Home / Financial Results / Dewan Khalid Textile Mills Limited’s Financial Results for the year ended June 30, 2011

Dewan Khalid Textile Mills Limited’s Financial Results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on September 30, 2011 at 07:30 pm at 7th Floor, Block-A, Finance and Trade Centre, Shahrah-e-Faisal, 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 financial results of the Company are as follows:

  2011 2010
  Rupees
Sales – net 1,368,138,305 498,154,992
Cost of Sales (1,342,223,213) (485,274,995)
  ————– ————–
Gross Profit 25,915,092 12,879,997
Operating Expenses    
Distribution Cost and Selling Expenses (4,073,614) (2,100,362)
Administrative and General Expenses (25,851,905) (17,483,349)
  ————– ————–
(29,925,519) (19,583,711)  
————– ————–  
Operating Loss (4,010,427) (6,703,714)
Finance Cost (1,192,932) (7,120,282)
Impairment in Investment (7,321,718)
  ————– ————–
Loss Before Taxation (5,203,359) (21,145,714)
Taxation    
– Current (14,242,566) (2,507,594)
 -Deferred 34,752,261 610,457
  ————– ————–
20,509,695 (1,879,137)  
  ————– ————–
Profit / (Loss) After Taxation 15,306,336 (23,042,851)
     
Earning / (Loss) Per Share – Basic 2.69 (4.06)

The Annual General Meeting of the Company will be held on Wednesday, October 26, 2011 at Karachi, Pakistan.

The Share Transfer Books of the Company will be closed from October 20, 2011 to October 26, 2011 (both days inclusive).

For more information, contact:
Haroon Iqbal
Director
Dewan Khalid Textile Mills Limited
Finance and Trade Centre (FTC),
8th Floor, Block-A, Sharah-e-Faisal,
Karachi Pakistan
UAN: 92-21-111-364-111
Fax: 92-21-5630860

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