Colony Mills Limited’s financial results

Karachi: We have to inform you that the Board of Directors in their meeting held on Wednesday, October 05, 2011 of 11:30 a.m. at Ismial Aiwan-e-Science Building, 205 Ferozepur Road, Lohare., has recommended the following:-

The Board has not recommended any Cash dividend Bonus/Right shares 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 in thousand

Salas – Net  13,956,779 10,015,687
Cost of sales 11,979,747 8,156,347
 ———-  ———-
Gross profit 1,977,032 1,859,340
Other operating Income 137,795 161,006
 ———-  ———-
 2,114,827 2,020,346
Distribution cost 219,034 256,633
Administrative expenses 127,080 90,828
Finance cost 1,454,259  1,135,379
Other Operating expenses 15,723  204,659
 ———-  ———-
 1,816,096 1,687,499
 ———-  ———-
Profit before taxation 298,731 332,847
Taxation
Current 139,738 68,913
Deferred  90,794  –
230,532  68,913
———- ———-
Profit after taxation 68,199 263,934
Other comprehensive (Loss) income – net of tax  (381)  (741)
———- ———-
Total Comprehensive Income after tax 67,818 263,193
———- ———-
Earning per shares – Basic and diluted 0.28 1.08

 

The 6th Annual General Meeting of the Company will be held on Monday, October 31 2011 of 10:00 a.m. at Registered Office, M. Ismail Aiwan-i-Science Bldg., 205 Ferozepur Road, Lahore.

The Shares transfer books of the company will remain closed from October 24, 2011 to October 31, 2011.

For more information, contact:
Colony Mills Limited
Ismail Aiwan-i-Science,
Shahrah-e-Jalaluddin Roomi,
Lahore – 54600,
Pakistan.
UAN: +92 42 111-COLONY
Fax: +92 42 35763247
Web: www.colonygroup.com

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