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International Knitwear Limited’s financial results for the 1st quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of your Company in their meeting held at 02:30 P.M on Wednesday, October 26,2011at 9th floor, N.I.C Building, Abbasi Shaheed Road, Karachi have recommended the following:

1. Cash Dividend Nil
2. Bonus Shares Nil
3. Right Shares Nil
4. Any Other Information Nil
5. The financial results of the Company are as follows.

 

30-Sep-2011

30-Sep-2010

Rupees

Rupees

Sales (Net) 31,755,164 34,171,868
Cost of Seles  (28,879,800)  (34,968,377)
———-  ———-
Gross Profit 2,875,364 (796,509)
Administrative and Selling Expenses  (1,993,462)  (1,874,896)
———- ———-
Operating Profit/ (Loss)  881,902 (2,571,405)
Other Income   476,244 135,892
 ———-  ———-
1,358,146 (2,535,513)
Financial Cost  (797,020)  (769,493)
Other Charges (25,404)
 ———- ———-
(822,424) (769,493)
 ———-  ———-
Profit / (Loss) before taxation 535,723 (3,305,006)
Taxation  (317,368)  (237,000)
———- ———-
Profit/ (Loss) after taxation 218,354 (3,542,006)
 ———-  ———-
Earnings per share-basic and diluted 0.07  (1.10)

 

For more information, contact:
Javed Khan
Chief Financial Officer
/Company Secretary
International Knitwear Limited
F-2/A, S.I.T.E.,
Karachi- 75730 Pakistan,
Ph: 2574302-04
Fax: (021) 2564414

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