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Premium Textile Mills Limited’s financial results for the period ended September 30, 2011

Karachi: We have inform you that the Board of Directors of our Company in their meeting was held on 29th October, 2011 have considered and approved the Un-audited 1st Quarterly Accounts of the Company for the period from July-2011 to September 2011 and recommended the following.

The Financial Results of the Company are n under:

 

1st Quarter

1st Quarter

Jul’ 11-Sept’ 11

Jul’ 10-Sept’ 10

Rupees

Rupees

Sales- net 1,007,191,730  987,233,374
Cost of Sales (984,669,806) (836,955,331)
————-  ———–
Gross Profit 22,521,924 150,278,043
Operating Expenses 9,723,499 1,855,040
Administrative and General 7,329,505 6,771,883
————-  ———–
Selling and Distribution  (17,053,004) (14,626,923)
 ————- ———–
Operating Profit 5,468,920  135,651,120
Financial Charges 23,230,101  28,542,885
 ————-  ———–
 (23,230,101)  (28,542,885)
 ————-  ———–
Profit (Loss) before Taxation  (17,761,181) 107,108,235
Provision for taxation
Current year (10,199,719)  (9,983,446)
 ————- ———–
Profit (Loss) after Taxation   (27,960,900)   97,124,789
 ————- ———–
Earnings per share of Rs. 10 each  (4.54) 15.76

 

For more information, contact:
Yasin Siddik
Executive Director
Premium Textile Mills Limited
1st Floor, Haji Adam Chamber,
Altaf Hussain Road, New Challi
Karachi – 74000, Pakistan
Tel: 2400405-8
Fax: 2417908

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