Home / Financial Results / Kohinoor Spinning Mills Limited’s financial results for the 1st quarter ended September 30, 2011

Kohinoor Spinning Mills Limited’s financial results for the 1st quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 01:00 p.m. on Monday, October 31, 2011 has recommended no cash dividend, bonus or right issue of the shares for the 1st quarter ended September 30, 2011. The financial results of the Company during this period are as follows;

 

September 30,

September 30,

2011

2010

(Un-audited)

(Un-audited)

(Rupees)

(Rupees)

SALES – NET 1,463,868,764 1,358,421,176
COST OF SALES  (1,388,639,553)  (1,147,333,425)
 ————- ————-
GROSS PROFIT 15,229,211 211,087,751
OPERATING EXPEINSES:
Distribution Cost (23,943,914)  (23,896,858)
Administrative   (21,836,026)  (20,874,455)
————- ————-
 (45,779,940) (44,771,313)
 ————-  ————-
OPERATING PROFIT  29,449,271  166,316,438
Financial Cost   (48,061,449)  (68,842,711)
Other operating Income 167,250 1,200,027
 ————-  ————-
 (47,294,199) (67,642,684)
 ————- ————-
(LOSS) / PROFIT BEFORE TAXATION   (17,844,928)  98,673,754
TAXATION  (14,638,688) (8,335,638)
 ————-  ————-
(LOSS) / PROFIT FOR THE PERIOD (32,483,616) 90,338,116
————- ————-
(LOSS) / PROFIT PER SHARE – BASIC (0.25) 0.69

 

For more information, contact:
Kohinoor Spinning Mills Limited
31-F, Main Market Gulberg II,
Lahore – Pakistan.
Tel: 042-35755774
Fax: 042-35755760

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