Home / Financial Results / Feroze1888 Mills Limited’s financial results for the year ended June 30, 2011

Feroze1888 Mills Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on October 03, 2011, at 05.15 p.m. at C-3, S.I.T.E., Karachi recommended the following:

CASH DIVIDEND

A final Cash Dividend for the year ended June 30, 2011 at Rs 2.00 per share i.e. 20%. The directors, their relatives and associates have voluntari1y waived their right receive this dividend, thus same will be paid only the minority shareholders.

The financial results of the Company are enclosed.

The Annual General Meeting of the Company will be held on October 29, 2011 at the Registered Office, H-23/4A, Scheme 3, Landhi Industrial Area Karachi.

The Share Transfer Books of the Company will be closed from Saturday, October 22, 2011 to Saturday, October 29, 2011 (both days inclusive). Transfers received at the office of Share Registrar Messrs. FAMCO Associates (Pvt.) Limited, First Floor, State Life Building No. 1-A. Off I.I. Chandigarh Road, Karachi at the close of business on Friday, October 21, 2011 will be treated in time for the purpose of above entitlement to the transfrees.

 

2011

2010

(Rupees in ’000)

Sales – net   2,912,929 1,771,988
Cost of sales (2,515,153)  (1,448,441)
———  ———
Gross profit  397,776 323,547
———  ———
Administrative expenses  (57,406)  (51,626)
Distribution cost (97,016) (84,548)
Other operating expenses (27,373)  (19,366)
 ———  ———
 (181,795) (155,540)
———  ———
Operating profit 215,981 168,007
Finance cost  (55,977) (30,758)
 ——— ———
Profit before taxation from continuing Operations  160,004 137,249
Taxation (23,347)  (12,799)
 ———  ———
Profit after taxation from continuing operations 136,657  124,450
Profit after taxation from discontinued operation 14,797  18,856
——— ———
Profit after taxation 151,454 143,306
———  ———
Earnings per share from continuing operations
Basic and diluted 1.16 1.20
 ———  ———
from discontinued operation Basic and diluted 1.126  0.182

 

For more information, contact:
Feroze 1888 Mills Limited
B-4/A,
S.I.T.E.,
Karachi – 7500,
Tel: 32567890
Fax: 32581221
Web: www.farozel1888.com

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