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Regent Textile Industries Limited’s financial results for the year ended 30th June2011

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

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