Home / Financial Results / Khalid Siraj Textile Mills Limited’s financial results for the quarter ended September 30, 2011

Khalid Siraj Textile Mills Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 26 October, 2011 at 10:00 a.m. at Lahore recommended the following:

Cash dividend                                                           Nil
Bonus shares                                                            Nil
Right shares                                                            Nil
Any other entitlement corporate action                                  Nil
Any other price-sensitive information                                   Nil

The financial results of the Company are as follows:

 

Three-Months Period Ended

30 September

30 September

2011

2010

(Rupees)

Sales 152,948,311 244,862,046
Cost of sales 166,700,412 247,725,799
 ———– ———–
Gross loss (13,752,101)  (2,863,753)
Distribution cost 392,324  361,907
Administrative expenses 2,996,342 4,165,854
 ———–  ———–
3,388,666  4,527,761
 ———–  ———–
(17,140,767) (7,391,514)
Other income 1,323,429
 ———– ———–
 (15,817,338)  (7,391,514)
Finance cost  2,072,451  2,582,882
———–   ———–
Loss before taxation  (17,889,789) (9,974,396)
Taxation (1,534,344)  (2,453,746)
———–  ———–
Loss after taxation  (19,424,133)  (12,428,142)
 ———– ———–
Loss per share-basic and diluted  (1.82) (1.16)

 

For more information, contact:
Haji Tariq Samad
Company Secretary
Khalid Siraj Textile Mills Limited
467-M Block Model Town Extension,
Lahore- Pakistan.
Tel: 042-35201981-86
Fax: 042-35201500

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