Home / Financial Results / Ishtiaq Textile Mills Limited’s financial results for the quarter account (un audited) period ended Sep 30, 2011

Ishtiaq Textile Mills Limited’s financial results for the quarter account (un audited) period ended Sep 30, 2011

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

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