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Shams Textile Mills Limited’s financial results for the period ended September 30, 2011

Karachi: We are pleased to inform you that the Board of Directors of Shams Textile Mills Limited (STML) in their meeting held on October 26, 2011 at 11:30 a.m. at Lahore have considered and approved the financial results of Shams Textile Mills Limited for the period ended September 30, 2011 and the Board of Directors recommended the following:

 

(i) Cash Dividend

Nil

(ii) Bonus Shares

Nil

(iii) Right Shares

Nil

(iv) Any Other Entitlement/Corporate Action

Nil

(v) Any Other Price-Sensitive Information

Nil

The financial results of the Company are attached herewith.

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

 

30 September

30 September

2011

2010

 Note

(Rupees in Thousands)

Sales  9 736,096  1,024,198
Cost of Sales  10 (852,522)  (890,240)
  ——-   ———
Gross Profit / (Loss) (116,426)  133,958
Distribution Cost  (11,257) (19,092)
Administrative Expenses (10,342)  (9,212)
Other Operating Expenses  (3,600)  (9,595)
  ——- ———
 (25,199) (37,899)
 ——- ———
 (141,625) 96,059
Other Operating Income 765 661
 ——- ———
Profit/ (Loss) from operations  (140,860) 96,720
Finance Cost (26,389) (21,042)
 ——-  ———
Profit / (Loss) before Taxation  (167,249) 75,618
Taxation  (7,361) (10,242)
——- ———
Profit / (Loss) after Taxation  (174,610)  65,436
 ——-  ———
Earnings / (Loss) Per Share – Basic and Diluted (Rupees) (20.21) 7.57

 

For more information, contact:
Shams Textile Mills Limited
7-B-3 Aziz Avenue,
Gulberg 5, Lahore, Pakistan
Tel: +92 (42) 576 0381 – 576 0379
Fax: +92 (42) 576 0376

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