Globe Textile Mills (OE) Limited’s financial results for the year ended June 30, 2011

October 6, 2011   Financial Results   No comments

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on Wednesday October 05, 2011 at 5.00 p.m. recommended the following:

(1) CASH DIVIDEND

Final cash dividend for the year ended 30.06.2011 @ NIL

The financial results of the Company for the year ended June 30, 2011 are as follows.

 

For the

For the

Year ended

Year ended

2011

2010

(Rupees)

(Rupees)
SALES 577,222,775 390,301,137
COST OF SALES 530,941,594 346,079,708
 ———– ———–
GROSS PROFIT 46,281,181 44,221,429
OPERATING EXPENSES:
(Administration and Selling and distribution cost) 23,290,559 19,053,195
 ———–  ———–
OPERATING PROFIT 22,990,622 25,168,234
FINANCIAL AND OTHER OPERATING EXPENSES 15,596,123 13,907,713
 ———– ———–
 7,394,499 11,260,521
OTHER OPERATING INCOME 928,675 915,436
———– ———–
NET PROFIT BEFORE TAXATION  8,324,114 12,175,957
TAXATION:
Current  4,524,794 1,959,449
Deferred
  ———–  ———–
4,524,794 1,959,449
NET PROFIT AFTER TAXATION 3,799,350 10,216,508
 ———–  ———–
NET (LOSS)/EARNING PER SHARE 0.81 2.19

 

 

The Annual General Meeting of the Company will be held on Friday, October 28, 2011 at 5:00 p.m.

The Shares Transfer Book of the Company will remain closed from Friday, 21st October 2011 to Friday 28th October 2011.

For more information, contact:
Globe Textile Mills (OE) Limited
105, Ibrahim Trade Tower,
Shahrah-e-Faisal, Karachi,
Pakistan.
Tel: 34327534
Fax: 3437536
Email: info@globeoe.com

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