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Gul Ahmed Textile Mills Limited’s financial results for the 1st quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Saturday, October 29, 2011 at 3:00 p.m. at Mills premises, Landhi, Karachi has approved the following unaudited quarterly accounts for the 1st quarter ended September 30, 2011.

The separate profit and loss account of the Company is as follows:

 

Rs.000s

1st Quarter Ended

1st Quarter Ended

September 30,

September 30,

2011

2010

Sales 5,695,555 4,629,285
Cost of sales 4,973,946 3,896,029
——— ———
Gross profit 721,609 733,256
Operating expenses 450,503 370,771
——— ———
271,106 362,485
Other operating income  (5,715) (4,641)
——— ———
Operating profit 276,821 367,126
Finance cost 329,791  210,777
———  ———
(Loss) /profit before taxation  (52,970) 156,349
Provision for taxation  57,013 46,000
———  ———
(Loss) /profit after taxation  (109,983) 110,349
——— ———
(Loss) /earnings per share (Rs.)  (1.73) 1.74

 

 

The consolidated profit and loss account of the Company is as follows;

 

Rs.000s

1st Quarter Ended

1st Quarter Ended

September 30,

September 30,

2011

2010

Sales 5,748,644 4,606,288
Cost of sales 4,989,374 3,849,331
 ——— ———
Gross profit 759,270 756,957
Operating expenses 477,377 402,222
 ———  ———
281,893 354,735
Other operating income (6,225)  (5,238)
 ———  ———
Operating profit 288,118 359,973
Finance cost 340,227 206,045
———  ———
(Loss)/profit before taxation  (52,109) 153,928
Provision for taxation  57,406 46,873
 ——— ———
(Loss) /profit after taxation   (109,515) 107,055
 ——— ———
(Loss) /earnings per share (Rs.)  (1.73) 1.69

 

For more information, contact:
Gul Ahmed Textile Mills Limited
Lot No: HT/3/A, Landhi Industrial Area,
Karachi – 75120, Pakistan
Tel: (9221) 111-485-485
Fax No: (9221) 3501 8836 and 38
E-mail: finance@gulahmed.com

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