Crescent Fibres Limited’s financial results 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 October 04, 2011 at 12:00 noon Karachi Office of the Company, 7th floor, Lakson Square #3, Sarwar Shaheed Road, Karachi, recommended the following:
Cash Dividend : Nil
Bonus Shares : Nil
Right Shares : Nil
The Annual General Meeting of the Shareholders will be held on 31st October, 2011 at 9:30 a.m. at Registered Office of the Company 104-Shadman – 1, Lahore, Share Transfer Books will remain closed from 23rd October, 2011 to 31st October, 2011 (both days inclusive).
The Financial results of the Company for the year ended June 30, 2011 are attached.
Profit and Loss Account For the Year Ended June 30, 2011
|
2011 |
2010 |
|
|
Rupees |
Rupees |
|
| Sales – net | 2,718,476,154 | 1,769,385,178 |
| Cost of sales | (2,437,710,090) | (1,512,825,426) |
| ————- | ————- | |
| Gross profit | 280,766,064 | 256,559,752 |
| General and administrative expenses | (56,814,202) | (50,923,654) |
| Distribution cost | (10,461,349) | (7,160,340) |
| Other operating income | 20,222,177 | 10,946,936 |
| Other operating expenses | (12,160,834) | (13,589,612) |
| ————- | ————- | |
| (59,214,208) | (60,726,670) | |
| ————- | ————- | |
| Operating profit | 221,551,856 | 195,833,082 |
| Financial charges | (62,998,292) | (42,049,312) |
| Share of profit of associate | 172,946 | 257,785 |
| ————- | ————- | |
| (62,825,346) | (41,791,527) | |
| ————- | ————- | |
| Profit before taxation | 158,726,510 | 154,041,555 |
| Taxation | (30,104,412) | (43,296,811 |
| ————- | ————- | |
| Profit for the year | 128,622,098 | 110,744,744 |
| ————- | ————- | |
| Earning per share – basic and diluted | 10.36 | 8.92 |
For more information, contact:
Crescent Fibres Limited
104 Shadman 1,
Lahore 54000,
Pakistan
Tel: 042 – 7574482
Fax: 042 – 7540943
E-mail: In@crescentfibres.com
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