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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