Home / Financial Results / Mohammad Farooq Textile Mills Limited’s financial results for the period ended 30th September, 2011

Mohammad Farooq Textile Mills Limited’s financial results for the period ended 30th September, 2011

Karachi: As required under Listing Regulation no. (17) of Karachi Stock Exchange, we are pleased to enclose financial results of Mohammad Farooq Textile Mills Limited (MFTM) for the period ended 30th September, 2011.

Financial Results of Mohammad Farooq Textile Mills Ltd for the Period Ended 30th September, 2011

We have to inform you that the Board of Directors of Mohammad Farooq Textile Mills Ltd in their meeting held on Wednesday, at 1:30 P.M. at Plot Nos.6 and 7, Sector 21, Korangi Industrial Area, Karachi, recommended the following:

(i) Cash Dividend                                    Nil

And/ Or

(ii) Bonus Issue                                     Nil

And/ Or

(iii) Right Shares                                   Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action          Nil

And/ Or

(v) Any Other Price Sensitive Information            Nil

The Financial Results of the Company is as follows.

 

For period

For Period

ended

ended

30-09-2011

30-09-2010

Rupees in ‘000’

Sales -Net 1,585 125,044
Cost of Goods sold (2,139) (210,281)
—– ——-
Gross loss (554) (85,237)
Other operating income – net 113
—–  ——-
(554) (85,124)
Distribution cost (2,631)
Administrative expenses (1,684) (8,113)
—– ——-
(1,684) (10,744)
—– ——-
Operating loss (2,238) (98,868)
Finance Cost (1,617) (20,344)
—– ——-
Loss before taxation (3,855) (116,212)
Provision for taxation (16) (1,070)
—– ——-
Loss after taxation (3,871) (117,282)
Loss per share (Rupee) (0.20) (6.21)

 

The Share Transfer Books of the Company will be open from Thursday, December 1, 2011.

For more information, contact:
Sabiha Sumar
Chief Executive
Mohammad Farooq Textile Mills Limited
Plot 6 and 7, Sector 21,
Korangi Industrial Area, Karachi
P.O. Box: 4628
Tel: (021) 5011571-5, 5023006-8,
Fax: (021) 5011607, 5015498,
E-mail: mftml@cyber.net.pk
Web: www.mohammadfarooq.com.pk

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