Home / Financial Results / Shahzad Textile Mills Limited’s financial results for the 1st quarter ended 30-09-2011

Shahzad Textile Mills Limited’s financial results for the 1st quarter ended 30-09-2011

Karachi: We have to inform you that the Board of Directors of our Company in their Meeting held at 3.30 p.m. on Thursday, 27th October, 2011 has passed over Interim Cash Dividend and interim Bonus Share etc. The un-audited accounts of the Company are approved for the 1st Quarter Ended 30 09-2011.

The financial Results of the Company are enclosed as per Annexure “A”.
CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (Un-Audited) FOR THE 1ST QUARTER ENDED SEPTEMBER 30, 2011

 

September, 30

September, 30

2011

2010

Note

(Rupees in thousands)

Sales  867,560 1,062,478
Cost of sales  7  (805,045)  (930,802)
——- ——-
Gross Profit   62,515 131,676
Operating expenses:
– Selling and distribution costs  (11,894)  (7,223)
– Administrative expenses   (17,870)  (18,375)
– Other operating charges  (1,209)   (4,626)
– Other operating income 145  839
  ——-  ——-
 (30,828)  (29,385)
  ——-  ——-
Operating Profit 31,687  102,291
Finance cost  (13,401)  (14,222)
——-  ——-
Profit before Taxation and Share of Associated Undertaking  18,286  88,069
Share of net profit of associated undertaking 2,018  3,258
  ——-  ——-
Profit before Taxation  20,304 91,327
Taxation  (8,765) (15,675)
 ——-  ——-
Profit after taxation  11,539  75,652
 ——-  ——-
Earnings per Share – Basic  0.64 4.21

 

The annexed notes form an integral part of these financial statements.

For more information, contact:
Shahzad Textile Mills Limited
19-A, Off. Zafar Ali Road,
Gulberg-V, Lahore, (Pakistan)
Ph: 35754024
Fax: 35754027
Web: www.shaheencotton.com
E-mail: shaheen@brain.net.pk

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