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

Karachi: We are pleased to inform you that the Road of Directors of our Company in their meeting held today at 12:00 noon at 1088-Jail Road, Faisalabad approved the un-audited financial information of the Company for the 1st quarter ended September 30, 2011 and also recommended the following:

1. Cash Dividend                   NIL

2. Bonus Shares                    NIL

3. Right Shares                    NIL

The financial results of the Company for the 1st quarter ended September 30, 2011 are enclosed as Annexure- A.

ANNEXURE – A

Financial Results for the 1st quarter ended September30, 2011.

 

	Sep 30,	Sep 30,
	2011	2010
	Rupees in Thousand
Sales	870,125	738,633
Cost of sales	(792,811)	(667,237)
	——-	——-
Gross profit	77,314	71,396
Distribution cost	(29,097)	(13,793)
Administrative expenses	(11,519)	(9,701)
Other operating expenses	(121)	(1,102)
	——-	——-
	(40,737)	(24,596)
	——-	——-
	36,577	46,800
Other operating income	326	1,094
	——-	——-
Profit before operations	36,903	47,894
Finance cost	(34,889)	(27,121)
	——-	——-
Profit before taxation	2,014	20,773
Provision for taxation	(8,686)	(7,350)
	——-	——-
(Loss)/profit after taxation	(6,672)	13,423
	——-	——-
Earning per sham – basic and diluted (Rupees)	(0.69)	1.39

 

For more information, contact:
Ishaq Textile Mills Limited
Mills at Sheikhupura Road,
Tehsil Jaranwala, Distt. Faisalabad.
Ph: (+9241) 4689255
Fax: 4689648