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Shahzad Textile Mills Limited’s financial results for the year ended 30-06-2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday, 3rd October, 2011 at 3.30 p.m. at 19-A, Off. Zafar Ali Road, Gulberg-V. Lahore recommended the following:-

Cash Dividend

A Final Cash Dividend for the year ended 30-06-2011 at Rs.0.50 per share i.e. @5%.

The Financial Results of the Company are enclosed as per Annexure “A”.

The Annual General Meeting of the Company will be held on Saturday, October 29, 2011 at 12.15 p.m. at 19-A, Off. Zafar Ali Road, Gulberg-V, Lahore.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on October 21, 2011.

The Share Transfer Books of the Company will be closed from October 22, 2011 to October 29, 2011 (both days inclusive). Transfer received in order at the Share Registrar Office of the Company M/s Hameed Majeed Associates (Private) Limited, HM House, 7- Bank Square, Lahore by the close of business on October 21, 2011 will be treated in time for the purpose of dividend entitlement to the transferees.

Profit and Loss Account for the Year Ended June 30, 2011

 

2011

2010

Note

Rupees

Rupees

Sales 27 4,513,244,278 3,116,384,541
Cost of sales 28 (4,124,074,613)  (2,769,740,494)
 ————- ————-
Gross Profit 389,169,665 346,644,047
Operating expenses
– Selling and distribution costs 29 (46,835,820) (41,626,536)
– Administrative expenses  30 (74,372,733) (64,881,163)
– Other operating charges 31  (13,049,731)  (14,115,104)
– Other operating income 32 3,063,940 4,253,051
————-  ————-
 (131,194,344)  (116,369,752)
————- ————-
Operating Profit 257,975,321 230,274,295
Finance and other costs 33  (79,268,795) (80,413,066)
 ————- ————-
Profit before Taxation and Share
of Associated Undertaking 178,706,526 149,861,279
Share of net profit of associated undertaking  21,767,126 14,976,701
 ————-  ————-
Profit before Taxation 200,473,652 164,837,930
Taxation   (68,359,107)  (22,446,943)
 ————-  ————-
Profit after Taxation 132,114,545 142,390,987
————- ————-
Earnings per Share – Basic 35.1 7.37  10.51
 ————-  ————-
Earnings per Share – Diluted 35.2 7.37 7.92

 

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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