Globe Textile Mills Limited’s re: financial results for the half year ended Dec 31, 2011

Karachi: We have to inform you that the Board of Directors in its meeting held on Friday the Feb 24, 2012 at 5:00 p.m. recommended Nil dividend.

The financial results of the Company for the half year ended Dec31, 2011 are as follows.

 

For the half year

For the quarter

July – Dec

Oct – Dec

2011

2010

2011

2010

(Rupees in Thousand)

Sales
Fixed Overheads 16,416 10,368 8,208 5,238
—— —— —– —–
Gross Loss (16,416) (10,368) (8,208) (5,238)
Operating Expenses:
(Administration and Selling and distribution cost) 1,897 2,699 1,044 1,021
—— —— —– —–
Operating Loss (18,313) (13,067) (9,252) (6,259)
Financial and Other Operating Expenses 2 2 1
—— —— —– —–
(18,315) (13,069) (9,253) (6,259)
Other Operating Income 996 956 464 951
—— —— —– —–
Net Loss before Taxation (17,319) (12,113) (8,789) (5,308)
Taxation:
Current
Deferred
—— —— —– —–
—— —— —– —–
Net Loss after Taxation (17,319) (12,113) (8,789) (5,308)
—— —— —– —–
Net (Loss) / Earning per Share (1.06) (0.74) (0.54) (0.32)

 

For more information, Contact:
Globe Textile Mills Limited
105, Ibrahim Trade Tower,
Shahrah-e-Faisal, Karachi – Pakistan
Tel: 021-4327534-35
Fax: 021-4327536

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