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

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