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Reliance Weaving Mills Limited’s financial results for the 1st quarter ended September 30, 2011

Karachi: In continuation of our previous intimation dated 25.10.2011, regarding meeting of BOD of our Company; we have to inform you that the Board of Directors of the Company in its meeting held at 2nd Floor, Trust Plaza LMQ Road Multan recommended the Following:

(i) CASH DIVIDEND

An interim Cash Dividend for the P Quarter ended September 30, 2011 at Rs. NIL per shares i.e. NIL %. This is in addition to interim dividend(s) already paid at Rs. NIL per share i.e. NIL %.

(ii) BONUS SHARES

It has been recommended by the Board of Directors to issue Nil Share(s).

(iii) RIGHT SHARES

The Board of Directors has recommended to issue NIL % Right Shares at par/at a discount/premium of Re. NIL per share in proportion of NIL Share(s) for every NIL Share(s). The entitlement of Right shares being declared 5imultaneously will be /will not be applicable on bonus shares as declared above.

(iv) The Financial Results for the 1st Quarter ended September 30, 2011 is enclosed thanks and best regards.

On Behalf of Reliance Weaving Mills Limited (REWM)

Condensed Interim Profit and Loss Accounts (Un-Audited) For the Period Ended 30 September 2011

 

Three months ended 30 September

Note

2011

2010

(Rs in ‘000)

Sales net 10  2,249,572  1,908,520
Cost of sales  (2,111,098)   (1,532,668)
 ———  ———
Gross profit  138,474  375,852
Distribution and marketing expenses   (27,191)  (22,826)
Administration expenses  (24,258) (21,004)
Other operating expenses  (4,423)  (23,705)
Finance cost  (102,001) (80,957)
Other operating income 20,112 11
———  ———
Profit before tax  713 227,371
Taxation 1,913 (116,920)
———  ———
Profit after tax  2,626  110,451
——— ———
Earnings per share 0.09  3.58

 

The annexed notes 1 to 17 form an integral part of these condensed interim financial information.

For more information, contact:
Reliance Weaving Mills Limited
E-110, Khayaban-e-Jinnah, Lahore Cantt;
PABX: +92 42 111-Fatima (111-328-462)
Fax: +92 42 36621389
Web: www.fatima-group.com

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