Home / Financial Results / Faisal Spinning Mills Limited’s financial results for the first quarter ended 30th September, 2011

Faisal Spinning Mills Limited’s financial results for the first quarter ended 30th September, 2011

Karachi: We have to inform you t at the Board of Directors of company in their meeting held at 10:00 am on Thursday, 27th October, 2 11 recommended the following:

a. Cash Dividend
An interim cash divide d for the first quarter ended 30th September, 2011 Nil per share i.e. Nil.

b. Financial Results
The financial results of the company for the first quarter ended 30th September 2011 are enclosed as annexure “A”

c. Share Transfer Book Closure
Not applicable
Condensed Interim Profit and Loss Account (Unaudited) for the First Quarter Ended 30th September 2011

Annexure “A”

 

30th September

30th September

2011

2010

PKR

PKR

Sales  1,823,155,573 1,961,066,300
Cost of goods sold 1,657,108,216 1,748,164,241
————- ————-
Gross profit  166,047,357  212,902,059
Other operating income 181,580 483,256
————- ————-
166,228,937 213,385,315
Distribution cost  60,055,151 63,515,846
Administrative expenses  12,041,920 10,982,339
Other operating expenses 2,675,638 5,330,080
Finance cost   40,619,088 32,285,544
 ————- ————-
 115,391,797  112,113,809
 ————- ————-
50,837,140 101,271,506
Share of profit of associated undertaking 7,890,891 19,759,540
 ————- ————-
Profit before tax 58,728,031 121,031,046
 ————-  ————-
Provision for taxation  18,120,525  19,656,373
 ————-  ————-
Profit after tax 40,607,506 101,374,673
 ————-  ————-
Earnings per share – basic and diluted 4.06 10.14

 

For more information, contact:
Faisal Spinning Mills Limited
Umer House, 23/1, Sector 23, S. M. Farooq Road,
Korangi Industrial Area, Karachi- 74900
Phones: (92-21)5115177-80
Fax: (92-21)5115190
E-mail: khioff@umergroup.com
Website: www.umergroup.com

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