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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

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