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