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 05:30 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 |
3,128,522,678 |
4,698,603,661 |
Cost of sales |
3,249,536,096 |
4,689,552,196 |
————- |
————- |
|
Gross (Loss) / Profit |
(121,013,418) |
9,051,465 |
Operating expenses | ||
Distribution cost and selling expenses |
20,824,259 |
17,846,603 |
Administrative and general expenses |
36,794,928 |
33,502,545 |
————- |
————- |
|
57,619,187 |
51,349,148 |
|
————- |
————- |
|
Operating Loss |
(178,632,605) |
(42,297,683) |
Finance cost |
143,876,678 |
19,820,521 |
Other charges |
3,200,000 |
4,357,430 |
Other income |
(8,184,015) |
(924,210) |
————- |
————- |
|
138,892,663 |
23,253,741 |
|
————- |
————- |
|
Loss before taxation |
(317,525,268) |
(65,551,424) |
Taxation | ||
– current |
31,351,397 |
51,404,260 |
– Deferred |
(11,777,518) |
– |
————- |
————- |
|
19,573,879 |
51,404,260 |
|
————- |
————- |
|
Loss after taxation |
(337,099,147) |
(116,955,684) |
————- |
————- |
|
Loss per share – basic and diluted |
(24.96) |
(8.66) |
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 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
Website: www.dewangroup.com.pk