Home / Financial Results / Ishaq Textile Mills Limited’s financial results for the year ended June 30, 2011

Ishaq Textile Mills Limited’s financial results for the year ended June 30, 2011

Karachi: We are pleased to inform you that the Board of Directors of our Company in their meeting held today at 11:30 a.m. at 1088-Jail Road, Faisalabad approved the audited annual financial statements of the Company for the year ended June 30, 2011 and also recommended the following:

1. Cash Dividend

A final cash dividend for the year ended June 30, 2011 @ Re.0.50 per share i.e. 5.00% except directors, their spouses, family members and associates of the Company.

2. Bonus Shares                     NIL

3. Right Shares                     NIL

The financial results of the Company for the ynr ended June 30, 2011 are enclosed as Annexure – A.

The Annual General Meeting of the Company will be held at 11:30 a.m. on October 31, 2011 at Bagh-e-Zehra Building, GK-7, 60-Bagh-e-Zehn Street, Khandar, Karachi 74000.

The share transfer books of the Company will remain closed from October 24, 2011 to November 01, 2011 (both days inclusive). Transfers received at the 404-405, 4th Floor, Business Center, Mumtaz Hassan Road, Karachi at the close of business hours on October 22, 2011 will be treated in time.

Financial results for the year ended June 30, 2011.

 

June 30,

June 30,

2011

2010

Rupees in Thousand

Sales 4,210,345 3,196,504
Cost of sales  (3,735,674) (2,837,984)
———- ———-
Gross profit 474,671 358,520
Distribution cost (115,419) (77,461)
Administrative expenses  (49,799) (40,752)
Other operating expenses  (12,506) (7,370)
 ———- ———-
 (177,724) (125,583)
———- ———-
296,947 232,937
Other operating income 4,080 3,085
 ———- ———-
Profit before operations 301,027 236,022
Finance cost  (135,327)  (139,714)
———- ———-
Profit before taxation 165,700  96,308
Provision for taxation (46,240) (50,424)
———-  ———-
Profit after taxation 119,460 45,884
 ———- ———-
Earning per share – basic and diluted (Rupees) 12.37 4.75

 

For more information, contact:
Ishaq Textile Mills Limited
1088/2, Jail Road,
Faisalabad-Pakistan
Tel: +9241 2634902-5,
Fax: +9241 2619558,
Email: Spinning@arshadgroup.com

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