News Makers News From Pakistan
Karachi: We have to inform you that the Board of Directors of our company in their meeting held on October 29, 2011 at 11:00 AM at registered office located at 3rd Floor IEP Building, 97 B/D-l, Gulberg III, Lahore, recommended the following:
i. Cash Dividend
An Interim Cash Dividend for the three months ended September30, 2011 at Rs. Nil per share i.e. Nil%. This is in addition to Interim Dividend already paid at Rs. Nil per share i.e. Nil%.
And / Or
ii. Bonus Shares
It has been recommended by the Board of Directors to issue Interim Bonus shares in proportion of Nil share for every Nil share held i.e. Nil%. This is in addition to the Interim Bonus Shares already issued at Nil %.
And / Or
iii. Right Shares
The Board has recommended to issue Nil% Right Shares at par/ at a discount / premium of Rs. Nil per share in proportion of Nil share for every Nil share. The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.
And /Or
iv. Any Other Entitlement Nil
The financial results of the Company are as follows:
|
July- September, 2011 |
July – September, 2010 |
|
|
Rupees |
Rupees |
|
|
(Un-Audited) |
(Un-Audited) |
|
| Sales | 718,777,569 | 95,117,562 |
| Cost of Sales | 648,517,126 | 859,326,103 |
| Gross Profit | 70,200,443 | 94,791,459 |
| Operating Expresses (Admin and Selling etc.) | 19,559,848 | 25,414,849 |
| Other operating Income/ (Loss) | 2,953,521 | 1,505,924 |
| Other operating expenses | 465,969 | 441,536 |
| Operating Profit | 53,128,147 | 70,440,998 |
| Financial and Other charges | 46,821,493 | 57,125,969 |
| Profit/ (Loss) before tax | 6,306,654 | 13,315,029 |
| Taxation | 4,757,032 | 2,180,444 |
| Profit / (Loss) after tax | 1,549,622 | 11,134,585 |
| Un-appropriated Profit/ (Loss) brought forward | (192,134,103) | (302,633,449) |
| Current year incremental depreciation – net of tax | 4,440,785 | 5,074,003 |
| Appropriation for Final Dividend – June 2011 | 8,656,298 | Nil |
| Un-appropriated profit/ (Loss) carried forward | (194,199,994) | (286,424,861) |
| Earn in per share | 0.03 | 0.19 |
v. Other information:
Nil
For more information, contact:
Naveen Aleem
Company Secretary
Zephyr Textiles Limited
3rd Floor, IEP Building, 57-B/D-1,
Gulberg III, Lahore,
Pakistan.
Tel: +92(42)35782905
Fax: +92(42)35753202
Email: info@zephyr.com.pk
