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Ellcot Spinning Mills Limited’s financial results for the quarter ended 30th September 2011

Karachi: We have pleasure to advise that the Board of Directors at their meeting held today approved un-audited accounts for the 1st quarter ended 30th September, 2011.

A copy of profit and loss account is enclosed for your information.

Condensed Interim Profit and Loss Account For the quarter ended September 30, 2011 (Un-Audited)

 

Quarter Ended

September

September

30 2011

30 2010

Rupees

Sales – net  1,039,153,748 1,089,323,572
Cost of sales  903,411,063  938,477,560
 ————– ————–
Gross profit 135,742,685  150,846,012
Operating expenses:
Distribution cost  5,393,785 14,054,883
Administrative  15,356,473  11,783,610
Other charges  6,535,296 8,277,967
 ————– ————–
27,285,554 34,116,460
   ————–  ————–
108,457,131 116,729,552
Other income  9,082,975 3,970,843
 ————–  ————–
Operating profit  117,540,106 120,700,395
Finance cost  29,419,937 19,417,478
————–  ————–
Profit before taxation  88,120,169 101,282,917
Taxation  24,728,653 10,893,227
————–  ————–
Profit After Taxation  63,391,516 90,389,690
 ————–  ————–
Earnings per share  5.79  8.25

 

For more information, contact:
Shafqat Ealhi Shaikh
Mg. Director (Chief Executive)
Ellcot Spinning Mills Limited
Nagina House, 91-B-1, M. M. Alam Road,
Gulberg-III, Lahore-54660, Pakistan
Tel: (92-42) 35756270-77
Fax: (92-42) 35711856
E-mail: info@angina.com

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