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Sargodha Spinning Mills Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their Meeting held at 11.30 a.m. on Thursday, October 27, 2011 recommended no Cash Dividend, Bonus or Right Issue of the Shares.

The financial results of the Company are as follows:

 

(RUPEES IN THOUSAND)

30-Sep.

30-Sep.

2011

2010

SALES 347,864 854,927
COST OF SALES  (367,341) (749,542)
 ——-  ——-
GROSS PROFIT/ (Loss)  (19,477)  105,385
DISTRIBUTION COST (5,757) (28,220)
ADMNISTRATIVE EXPENSES  (8,140)  (7,396)
OTHER OPERATING EXPENSES  (976)  (3,622)
 ——- ——-
 (14,873)  (39,238)
 ——-  ——-
PROFIT/ (LOSS) FROM OPERATIONS  (34,350) 66,147
FINANCE COST  (12,945) (17,273)
 ——-  ——-
PROFIT/ (LOSS) BEFORE TAXATION (47,295)  48,874
 PROVISION FOR TAXATION (3,783)  (8,551)
——-  ——-
PROFIT/ (LOSS) AFTER TAXATION  (51,078) 40,323
 ——-  ——-
EARNINGS PER SHARE – BASIC

AND DILUTED (RUPEES)

 (1.64) 1.29

 

For more information, contact:
Main Farrukh Naseem
Director
Sargodha Spinning Mills Limited
A-601/B, City Towers,
6-k, Main Boulevard,
Gulberg – II, Lahore.
Tel: (042) 35788758-59
Fax: (042) 35788718
Email: shadstm@brian.net.pk

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