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Latif Jute 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 Wednesday – October 12, 2011 at 12:00 Noon at City Office 18/3, G/F, Mehran VIP Complex. Dr. Daud Pota Road. Near Cantt Station, Karachi recommended the following:

(I) Cash Dividend

An Interim Cash Dividend for the Quarter ended September 30, 2011 at Rs. Nil per share i.e. Nil %. This is in addition to Interim Dividend(s)-already paid at Rs. Nil per share i.e. Nil%.

And/ Or

(II) Bonus Shares

It has been recommended by the Board of Directors to issue Interim bonus Shares in proportion of Nil share(s) for every Nil shore(s) held is. Nil %. This is in addition to the Interim Bonus Shares already issued @ Nil %.

And/ Or

(10) Right Shares

The Board has recommended to issue Nil % Right Shares at par / at a discount / premium of Rs. Nil per share (s) for every Nil share (s). The entitlement of Right Shares being declared simultaneously will be / will not be applicable on Bonus Shares as declared above.

And/ Or

(iv) Any Other Entitlement / Corporate Action

And/ Or

(v) Any Other Price-Sensitive Information

The financial results of the Company are enclosed.

The above entitlement will be paid to the Shareholders whose name will appear in the Register of Members on—————-

The Share Transfer Books of the Company will be closed from ———— to ————– (both days inclusive). Transfers received at the City Office 18/3, G/F, Mehran VIP Complex, Dr. Daud Pota Road, Near Cantt Station. Karachi at the close of business on———-will be treated in time for the purpose of above entitlement to the transferees.

Profit and Loss Account for the Period Ended September 30, 2011

Un-Audited Un-Audited
30th Sept 30th Sept
Note 2011 2010
Rupees Rupees
Rental income 13 1,011,000 1,676,945
Administrative expenses 14 (882,462) (950,460)
Finance cost 15 (17,173) (1,150)
——— ———
(899,635) (951,610)
——— ———
111,365 725,335
Other income
——— ———
Profit before taxation 111,365 725,335
Taxation 16 (75,825) (125,771)
——— ———
Profit after taxation 35,540 599,564
——— ———
Earning per share
Basic and diluted 17 0.01 0.17

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

For more information, contact:
Latif Jute Mills Limited
18/3, G/F, Mehran VIP Complex II,
DR. Dawood Pota Road,
Near Cantt, Station, Karachi.
Tel: 35220383
Fax: 35623775
E-Mail: bawanypk@gmail.com

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