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

Ishtiaq Textile Mills Limited’s financial result for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held at 4.00 Hrs 4th Oct, 11 has proposed to approve the Annual Account for the year ended 30th June, 2011.

 

Financial Result as under:

NOTE 2011 2010
RUPEES
Sales 573,844,115 576,449,373
Cost of sales (499,816,958 (533,653,368)
———–  ———–
Gross Profit/ (Loss) 74,027,157  42,796,005
 ———–  ———–
Distribution cost   (7,054,202) 5,591,359
Administrative expenses  (2,802,374) 4,304,762
 ———– ———–
 (9,856,576) 9,896,121
 ———–  ———–
OPERATING PROFIT 64,170,581  32,899,884
 ———– ———–
Finance cost (21,452,565)  (14,182,990)
Workers’ welfare fund  (1,013,964)  (366,998)
Workers’ profit participation fund  (2,135,901)  (917,495)
———–  ———–
 (24,602,430)   (15,467,483)
 ———–  ———–
Profit/ Loss before taxation 39,568,151 17,432,401
TAXATION
Current  (5,989,498)  (2,882,247)
Deferred  (6,710,000) (4,322,000)
 ———–  ———–
 (12,699,498) (7,204,247)
 ———–  ———–
Profit/Loss after taxation 26,868,653  10,228,154
 ———– ———–
Earning/(Loss) per share – Basic and diluted 6.32  2.41

 

Appropriation have been reflected in the statement of changes in equity.

The annexed notes from an integral part of these financial statements.

For more information, contact:
Ishtiaq Textile Mills Limited
Dewan House 155,
Napier Road,
Karachi-74000
Pakistan.
Tel: 32412332
Fax: 021 – 32767038
E-mail: dewanshp@cyber.net.pk
Website: www.dewanishtiaq.com

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