News Makers News From Pakistan
Karachi, October 1, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on September 28, 2012 at 07:30 p.m. at 7th Floor, Block-A, Financial 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:
|
2012 |
2011 |
|
|
Rupees |
||
| Sales- net |
1,155,717,938 |
1,368,138,305 |
| Cost of sales |
(1,170,185,143) |
(1,342,223,213) |
|
————- |
————- |
|
| Gross (Loss)/ Profit |
(14,467,205) |
25,915,092 |
| Operating Expenses | ||
| Distribution Cost and Selling Expenses |
(11,763,358) |
(4,073,614) |
| Administrative and General Expenses |
(27,354,553) |
(25,851,905) |
|
————- |
————- |
|
|
(39,117,911) |
(29, 925,519) |
|
|
————- |
————- |
|
| Operating Loss |
(53,585,116) |
(4,010,427) |
| Finance Cost |
(6,245,990) |
(1,192,932) |
|
————- |
————- |
|
| Loss before Taxation |
(59,831,106) |
(5,203,359) |
| Taxation – Current |
(11,558,346) |
(14,242,566) |
| – Deferred |
69,905,850 |
34,752,261 |
|
————- |
————- |
|
|
58,347,505 |
20,509,695 |
|
|
————- |
————- |
|
| (Loss)/ Profit after Taxation |
(1,483,601) |
15,306,336 |
|
————- |
————- |
|
| (Loss)/ Earning per Share – Basic |
(0.26) |
2.69 |
The Annual General Meeting of the Company will be held on Wednesday, October 24, 2012 at Karachi, Pakistan.
The Share Transfer Books of the Company will be closed from October 17, 2012 to October 24, 2012 (both days inclusive).
For more information, contact:
Haroon Iqbal
Director
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
