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 31st, 11 has proposed to approve the Quarterly Account for the period ended 30th September, 2011.
Financial Result as under:
|
September 30, 2011 |
September 30, 2010 |
|
|
Rupees |
||
| Sales | 148,761,019 | 109,013,730 |
| Cost of Sales | (201,491,429) | (96,897,7l2) |
| ———– | ———– | |
| Gross Profit/ (Loss) | (52,730,410) | 12,116,018 |
| Distribution cost | (836,729) | (1,409,147) |
| Administrative expenses | (745,432) | (752,996) |
| ———– | ———– | |
| (1,582,161) | (2,162,143) | |
| ———– | ———– | |
| Profit | (54,312,571) | 9,953,875 |
| Finance cost | (1,695,627) | (1,247,810) |
| Worker’s welfare fund | – | (174,121.00) |
| Worker’s profit participation fund | – | (435.303.00) |
| ———– | ———– | |
| (1,695,627) | (1,857,234) | |
| ———– | ———– | |
| Profit / Loss before taxation | (56,008,198) | 8,096,641 |
| Taxation | ||
| Current, | (1,487,610) | (1,090,137) |
| Deferred | 23,888,000 | (1,500,000) |
| ———– | ———– | |
| 22,400,390 | (2,590,137) | |
| ———– | ———– | |
| (Loss) after taxation | (33,607,808) | 5,506,504 |
| (Loss) per share – Basic and diluted | (7.91) | 1.30 |
Appropriations have been reflected in the statement of changes in equally.
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
Ph: 32412332, 32430151, 32426901
Fax: (92-21) 32767038, 32434418
E-mail: dewanshp@cyber.net.pk
Web: www.dewanishtiaq.com
