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Kohinoor Mills Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of the Company in its meeting held on Monday, October 3rd 2011, at 03:00 p.m. at its registered office situated at 8th Kilometer Manga Raiwind Road, District Kasur, recommended the following:-

Cash Dividend / Bonus Shares / Right Shares:                                Nil

Any Other Entitlement/Corporate Action/Price Sensitive Information:         Nil

The financial results of the Company Unconsolidated and Consolidated for the year ended June 30, 2011 are enclosed.

Annual General Meeting (AGM):

The AGM of the company is going to be held on Monday, October 31, 2011, at 03:00 p.m. at its registered office situated at 8th Kilometer Manga Raiwind Road, District Kasur. The Shares transfer books of the Company will be closed from October 25, 2010 to October31, 2011 (both days inclusive). Transfers received in order at Shares Registrar or the Company i.e., M/s. Hameed Majeed Associates (Pvt.) Ltd, HM House, 7 Bank Square, Lahore, at the close of business i.e., October 24, 2011, will be treated in time.

Profit and Loss Account for the Year Ended 30 June, 2011

 

2011 2010
Note Rupees Rupees
Continuing operations:
Sales  24 5,210,209,429  6,214,371,763
Cost of sales  25 (5,304,752,999)  (5,889,773,394)
 ————- ————-
Gross (loss)\ Profit (94,543,570) 324,598,369
Distribution cost 26 (367,876,943) (427,762,097)
Administrative expenses 27 (155,708,511) (198,493,424)
Other operating expenses  (165,333,959) (137,879,904)
 ————-  ————-
688,919,413 764,153,425
 ————-  ————-
 (783,462,983) (439,555,056)
Other operating income  29 190,841,424 76,080,251
 ————- ————-
Loss from operations  (592,621,559)  (363,474,805)
Finance cost  30  (622,655,407) (724,053,189)
  ————- ————-
Loss before taxation (1,215,276,930) (1,087,527,994)
Taxation 31 (43,603,918) (40,984,447)
————- ————-
Loss after Taxation from continuing operations (1,258,880,882) (1,136,512,441)
Discontinued operations:
Loss after taxation from discontinued operations 23 (137,122,131)  –
————- ————-
Loss after taxation (1,396,003,019)  (1,136,512,441)
————- ————-
Loss per share – Basic and diluted
From continuing operations 32 (24.73)  (22.32)
————-  ————-
Loss per share – Basic and diluted
From continuing operations 32  (2.69)

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

For more information, contact:
Kohinoor Mills Limited
8th KM. Manga Raiwind Road,
District –Kasur
Tel: 092-45-5391941-5
UAN: 92-42-111-941-941
Cell: 092-333-4998801-10
Fax: 092-42-5391946

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