News Makers News From Pakistan
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
