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Quality Textile Mills Limited’s financial result for the quarter ended September 30, 2011

Karachi: We would like to inform you that the Board of Directors meeting was held on October 27, 2011 at 10:00 A.M. at registered office 24, Ali Bhai Centre, 2nd Floor, 233-A, P.E.C.H.S., Block-2, Karachi and approved the enclosed unaudited accounts for the Quarter ended on September 30, 2011. No interim dividend has been declared. The unaudited Profit and Loss account for the quarter ended on September30, 2011 is as follows:

 

Three Months

September 30

Sept ember 30

2011

2010

(July-September)

Rupees

Sales 383,693,481 478,210,794
Cost of goods sold (364,596,129)  (381,695,149)
———–  ———–
Gross profit 19,097,353 96,515,645
Other operating income 2,136,051 17,450
———–  ———–
 21,233,404  96,533,095
Distribution expenses  (5,408,943)  (3,504,946)
Administration expenses  (2,820,022)  (2,568,577)
Other operating expenses (1,298,235) (4,347,781)
Finance cost (5,416,747) (12,160,830)
 ———–  ———–
Profit before taxation  6,289,456  73,950,961
Provision for taxation  (5,899,836)  (7,376,607)
———– ———–
Profit after taxation 389,620  66,574,354
 ———–  ———–
Earnings per share – Basic and diluted  0.02 4.17

 

For more information, contact:
Ali Asghar
Company Secretary
Quality Textile Mills Limited
24, Ali Bhai 2nd Floor 233-A, P.E.C.H.S.
Block 2, Karachi, Pakistan
PABX 0092-21-4538855-4538788-4529325
Fax: 0092-21-4538799
MB Phone: 0300-8225358
Website: www.qualitytextile.com.com
E-mail: yarn@qualitytextile.com

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