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Maqbool Textile Mills Limited’s financial results for the year ended June 30-06-2011

Karachi: We have to inform you that the Board of Directors of our Company in theif meeting held on 6th Day of October, 2011 at 11:00 A.M at Head Office 2-Industrial Estate, Multan recommended the following:

(I) Cash Dividend

A Final Cash Dividend for the Year ended 30-06-2011 at Rs.2.50 per  share i.e.25%. 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 Bonus Shares in the proportion of Nil Share(s) for every Nil share(s) held i.e. Nil %. This is in addition to be interim Bonus Shares already Issued @ Nil%.

AND/OR

(III) RIGHT SHARES

The Board has recommended to Issue Nil % Right Shares at par/at a discount/premium of Rs.Nil per share in proportion of Nil 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 ENTITLEMETN/CORPORATE ACTIOIN

Nil

AND/OR

(V) ANY OTHER PRICE-SENSITIVE INFORMATION

The financial results of the Company are as follows:

 

July, 1st 2010 to

June, 30th, 2011

2010-2011

July, 1st 2009 to

June, 30th, 2010

2009-2010

Rupees

Rupees

Sales  3,970,775,621  2,183,978,491
Cost of Goods Sold (3,587,531,777) (1,890 ,570,267)
 ————-  ————-
Gross Profit 383,243,744 293.408,224
Other Operating Income 421,553 6,025,231
Distribution Cost  (49,386,610)  (43,706,064)
Administrative Expenses (48,076,473)  (34,669,633)
Other Operating Expense (16,013,825)  (8,057,347)
Finance Cost  (91,035,720)  (94,510,910)
 ————-  ————-
(204,091,075) (174,918,623)
 ————- ————-
(Loss) Profit Before Taxation 179,152,669 118,489,601
Provision for Taxation  (74,035,016)  (29,510,702)
————- ————-
Profit After Taxation 105,117,654 88,978,899
 ————- ————-
Earnings Per Share-Basic 6.26 5.30

 

The Annual General Meeting of the Company will be held on 31st October 2011 at 3:00 p.m. at its Head Office 2-Industrial Estate Multan, Also the Share Transfer Books of the Company will be closed from 25.10.2011 to 31,10.2011 (Both Days Inclusive). Transfers received at the Share registrars, M/s HM Associates, 7-Bank Square, Lahore at the close of business on 24, 10,2011 will be treated in time.

For more information, contact:
Maqbool Textile Mills Limited
2-Industrial Estate,
Multan – Pakistan
Tel: +92 61 653 9551-2, 653 7155,
Fax: +92 61 653 9042

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