News Makers News From Pakistan
Karachi: We are pleased to inform you that the financial account for the Year ended 30th June, 2011has been approved by the Directors in their 137th meeting held at 04:30 pm on Wednesday 05th October 2011. No Dividend has been declared Profit and Loss account with comparative figures are attached herewith.
Profit and Loss Account for the Year Ended June 30, 2011
|
2011 |
2010 |
|
|
Rupees |
Rupees |
|
| Sales | 430,700,946 | 325,216,856 |
| Cost of sales. | 436,317,312 | 292,202,782 |
| ———– | ———– | |
| Gross profit \ (loss) | (5,616,366) | 33,014,074 |
| Operating expenses | ||
| Administrative expenses | 4,493,297 | 3,962,929 |
| Selling expenses | 146,101 | 62,450 |
| Financial expenses | 779,216 | 6,255,736 |
| Workers profit participation Fund | – | 1,218,677 |
| ———– | ———– | |
| 5,418,614 | 11,499,792 | |
| ———– | ———– | |
| (11,034,980) | 21,514,282 | |
| Other Income | 1,224,916 | 1,628,084 |
| ———– | ———– | |
| Net profit \ (loss) before taxation | (9,810,064) | 23,142,366 |
| Taxation | ||
| Current | (4,351,009) | (1,690,084) |
| Prior | 55,860 | 8,000 |
| Deferred | 3,473,548 | (6,525,409) |
| ———– | ———– | |
| (821,601) | (8,207,493) | |
| ———– | ———– | |
| Net profit / (loss) after taxation | (10,631,665) | 14,934,873 |
| ———– | ———– | |
| Earning \ (loss) per share | (2.23) | 3.14 |
For more information, contact:
Regent Textile Industries Limited
1st Floor, Cotton Exchange Building,
I.I. Chundrigar Road, Karachi,
Tel: 32412946
Fax: 32416725
E-mail: harec@hashgroup.com
