Bannu Woollen Mills Limited’s financial results for the half year ended 31-12-2011

Karachi: We have to inform you that the Board of Directors of our company in their Meeting held on Wednesday the 29th February 2012 at 10:30 A.M. at Gammon House, Rawalpindi have recommended the following: –

(i) Cash Dividend:

An Interim Cash Dividend for the half year ended 31st December 2011@ Rs. Nil per share i.e. Nil %.

(ii) Bonus Issue:

It has been recommended by the Board of Directors to issue Interim Bonus Shares in proportion of Nil shares for every Nil share held i.e. Nil %.

(iii) Right Shares:

The Board has recommended t issue Nil % Right Shares at par/at premium of Rs. Nil per shares in proportion of Nil share for every NIL shares subject to the consent of the Controller Capital Issues.

(iv) Any Other Entitlement:      Nil

The financial results of the company are as follow:-

 

Half Year Ended

December

December

2011

2010

Particulars

(Rupees in thousands)

Sales 486,081 434,897
Cost of Sales 327,418 286,970
——- ——-
Gross Profit 158,663 147,927
Distribution Cost 19,623 17,210
Administrative Expenses 28,565 21,617
Other Operating Expenses 9,273 9,499
Other Operating Income (1,237) (574)
——- ——-
56,224 47,462
——- ——-
Profit from Operations 102,439 100,175
Finance Cost 11,292 (7,989)
——- ——-
91,147 92,186
Share of Profit of Associated Companies 16,568 41,769
——- ——-
Profit before Taxation 107,715 133,955
Taxation (256) (416)
——- ——-
Profit after Taxation 107,971 134,371
——- ——-
Rupees
Earning / (Loss) per Share 14.20 17.67

 

Note:

Previous corresponding half year figures have been restated wherever necessary for the purpose of comparison.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time.

For more information, Contact:
Bannu Woollen Mills Limited
Shares Department
C/O Janana De Malucho Textile Mills Limited
Habibabad Kohat

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