News Makers News From Pakistan
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
