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Gulistan Textile Mills Limited’s financial result for the first quarter ended 30 September 2011

Karachi: We have to inform you that the board of directors of the company in its meeting held on 31 October 2011 had approved the un- audited accounts for the quarter ended 30 September 2011.

The results are as follows:-

RUPEES

RUPEES

 30-09-2011 30-09-2010
Sales – Net 1,827,424,163  2,088,167,118
————- ————-
Cost of Sales 1,528,919,694 1,697,578,798
 ————- ————-
Gross Profit  298,504,468 390,588,320
 ————-  ————-
Other operating (income) / Loss (3,067,826)  (2,226,159)
 ————- ————-
Distribution Cost  48,453,946  50,064,821
 ————-  ————-
Administrative expenses  28,314,755 26,739,618
————-   ————-
Other operating expenses  – 5,295,830
 ————- ————-
Finance Cost  219,679,854 239,258,875
 ————-  ————-
Loss before tax  (2,615,158)  92,269,945
 ————-  ————-
Provision for taxation   (6,776,447) 20,339,706
 ————- ————-
Net profit for the period after taxation 4,161,288 78,930,239
————-  ————-
Earning Per Share  0.22 4.16

 

For more information, contact:
Zameer-Q-Siddiqui
Company secretary
Gulistan Textile Mills Limited
2nd Floor, Finlay House,
I.I. Chundrigar Road,
Karachi, (Pakistan)
Phones: (92-21) 32419943,
Fax: (92-21) 32411559
E-mail: khi@gulistangroup.com.pk

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