January 24, 2021

Business Insider

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

1 min read
Karachi: We have to inform you that the Board of Directors in its meeting held on Friday the Feb 24, 2012 at 4:00 p.m. recommended Nil dividend. The financial results [...]

Karachi: We have to inform you that the Board of Directors in its meeting held on Friday the Feb 24, 2012 at 4:00 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)

(Rupees)

(Rupees)

(Rupees)

Sales 230,168,334 284,141,742 130,665,760 145,424,746
Cost of Sales 208,172,488 259,784,956 117,287,505 135,845,567
———– ———– ———– ———–
Gross Profit 21,995,846 24,356,786 13,378,255 9,579,179
Operating Expenses:
(Administration and Selling and distribution cost) 10,318,939 9,381,447 3,502,594 4,954,968
———– ———– ———– ———–
Operating Profit 11,676,907 14,975,339 9,875,661 4,624,211
Financial and other Operating Expenses 14,162,751 6,478,699 7,387,866 2,767,826
———– ———– ———– ———–
(2,485,844) 8,496,640 2,487,795 1,856,385
Other Operating Income 1,600,371 88,323 1,169,121 (2,083)
———– ———– ———– ———–
Net Profit / (Loss) before Taxation (885,473) 8,584,963 3,656,916 1,854,302
Taxation:
Current 2,301,683 2,841,417 1,602,831 1,436,386
Prior years 38,143 38,143
———– ———– ———– ———–
2,339,826 2,841,417 1,640,974 1,436,386
———– ———– ———– ———–
Net Profit / (Loss) After Taxation (3,225,299) 5,743,546 2,015,942 417,916
———– ———– ———– ———–
Earning / (Loss) per Share (0.69) 1.23 0.43 0.09

 

Thanking you,

for more information, Contact:
Globe Textile Mills (OE) Limited
105, Ibrahim Trade Tower,
Shahrah-e-Faisal, Karachi – Pakistan
Tel: 34327534, 34327535
Fax: 34327536
E-mail: info@globeoe.com

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