Brothers Textile Mills Limited’s financial results for the annual accounts for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 30 09-2011 at 11:00 AM at 135-Upper Mall. Lahore, recommended the following:

(i) Cash Dividend

An Interim Cash Dividend for the year ended 33-06-2011 at Rs. Nil per share i.e. Nil%. This is in addition to Interim Dividend(s) 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 shares(s) for every Nil shares hold i.e., Nil % This is in addition to the Interim Bonus Shares already issued @ Nil %.

And/ Or

(iii) Right Shares

The Bard has recommended to issue Nil % Right Shares at par/at a discount/premium of Rs. Nil per share in proportion of Nil share(s) for every Nil share (s). 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 / Corporate Action

And/ Or

(v) Any Other Price-Sensitive Information

The financial results of the company are as follows:-

Profit and Loss Account for the Year Ended June 30, 2 011

 

Year Ended

June 30, 2011

Year Ended

June 30, 210

Rupees

Rupees

Sales
Cost of Sales
———- ———-
Profit
Distribution Cost
Administrative Expenses (17,720,556) (16,214,796)
Other Operating expenses
 ———-   ———-
(17,720,556) (16,214,796)
(17,720,556)  (16,214,796)
Other Operating income / (Loss) 116,378,701
———- ———-
 (1,341,855) (16,214,796)
Finance cost  (1,462,724) (4,057,370)
———- ———-
Loss before Taxation  (2,804,579) (20,272,166)
Taxation – (assets) (992,765)
———- ———-
Profit / (Loss) after Taxation (2,804,579) (21,264,931)
———-  ———-
Basic Earnings Per Share (0.27) (2.17)

 

The annual General Meeting of the Company will be held on 31-10-2011 at 11.30 at Lahore.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 24-10-201 1.

The Share Transfer Books of the Company will be closed from 25-10-2011 to 31-10-2011 (both days inclusive), Transfers received at the 135-Upper Mall, Lahore (Registered office of the Company) at the close of business on 24-10-2011 will be treated in time for thy purpose of above entitlement to the transferees.

For more information, contact:
Brothers Textile Mills Limited
135,Upper Mall
Lahore.
Tel: 042-35757016, 042-35757013
Fax: 042-35710417
Website: www.brothers.com.pk

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