Allawasaya Textile and Finishing Mills Limited’s financial results for the year ended June 30, 2011
Karachi: It is to inform you that the Board of Directors of the Company in its meeting held today the 6th day of October 2011 at 3:30 PM at its registered office situated at Vehari Road, Multan recommended the payment of Final Cash Dividend @102.50% (Rs. 10.25 per share)for the year ended June 30, 2011.
The financial results of the Company are as follows:
For the Year Ended |
For the Year Ended |
|
June 30, 2011 |
June 30, 2010 |
|
Rupees |
Rupees |
|
Sales | 2,195,228,720 | 1,464,364,667 |
Cost of goods sold | (2,013,064,580) | (1,303,841,961) |
————- | ————- | |
Gross profit | 182,164,140 | 160,522,706 |
Other Operating income | 3,226,400 | 1,040,958 |
————- | ————- | |
185,390,540 | 161,563,664 | |
Distribution cost-commission | (7,607,098) | (3,775,493) |
Administrative Expenses | (36,716,699) | (32,876,381) |
Other operating expenses | (4,785,084) | (5,875,466) |
Finance Cost | (59,821,339) | (44,461,861) |
————- | ————- | |
(108,930,220) | (86,989,201) | |
————- | ————- | |
Profit before Taxation | 76,460,320 | 74,574,463 |
Provision for Taxation | (43,962,998) | (35,246,267) |
————- | ————- | |
Profit for the year | 32,497,322 | 39,328,196 |
Other comprehensive income for the year- net of tax | – | – |
————- | ————- | |
Total Comprehensive income for the year – net of tax | 32,497,322 | 39,328,196 |
————- | ————- | |
Earnings per share – basic and diluted | 40.62 | 49.16 |
The Annual General Meeting of the Company will be held on Monday October31, 2011 at 3:30 P.M. at its Registered Office, The above entitlement will be paid to the shareholders whose names will appear in the Register of the Members on 24-10-2011. The Shares Transfer Books of the Company will be closed from 25-10-2011 to 31-10-2011 (both days inclusive). Transfers received at the Company’s Shares Registrar’s office by the close of the business on 24-10-2011 will be treated in time for the purpose of above entitlement to the transferees.
For more information, contact:
Allawasaya Textile and Finishing Mills Limited
Allawasaya Square, Mumtazabad Industrial Area,
Vehari Road, Multan (Pakistan)
Tel: +92-61-4233624
Fax: 92-61-6525202
E-mail: atm@allawasaya.com
Website: www.allawasaya.com