Hira Textile Mills Limited’s financial results for the year ended 30th June 2011
Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on October 03, 2011 at 2.30 PM at 44 E/1 Gulberg III Lahore recommended the following:
I. CASH DIVIDEND
Rs 1.00 share or 10%.
AND/OR
II. BONUS SHARES NIL
AND/OR
III. RIGHT NIL
AND/OR
IV. ANY OTHER ENTITLEMENT / CORPORATE ACTION NIL
V. ANY OTHER PRICE – SENSITIVE INFORMATION NIL
VI. The following are the financial results for the year ended on June 30, 2011
Year ended |
Year ended |
|
June 30, 2011 |
June 30, 2010 |
|
Rupees |
||
Sales -Net | 4,947,939,216 | 3,116,908,591 |
Cost of Goods Sold | 4,218,794,738 | 2,508,118,978 |
————- | ————- | |
Gross Profit | 729,144,478 | 608,789,613 |
Other operating income | 3,296,613 | 6,396 |
732,441,091 | 608,796,009 | |
————- | ————- | |
Distribution Cost | 71,203,155 | 42,833,813 |
Administrative Expenses | 56,970,003 | 48,298,432 |
Other Operating Expenses | 19,794,302 | 23,768,975 |
Finance Cost | 326,066,570 | 263,526,353 |
————- | ————- | |
474,033,970 | 378,427,573 | |
258,407,121 | 230,368,436 | |
Share of Profit of Jointly Controlled | ||
entity (Hira Terry Mills Ltd) | 18,286,959 | 47,210,701 |
————- | ————- | |
Profit before Tax | 276,694,080 | 277,579,137 |
Provision for Taxation | 56,959,678 | 28,751,165 |
————- | ————- | |
Profit after Tax | 219,734,402 | 248,827,972 |
————- | ————- | |
Earnings Per Share – Basic and Diluted | 3.07 | 3.48 |
VIII. The Board has taken following decisions about annual general meeting of the company.
1- Annual General Meeting of the company will be held on October 29, 2011 at 11.00 AM at its registered office 44-E/1 Gulberg III Lahore.
2- The Share Transfer Books of the Company will remain closed from 27-10-2011 to 03-11-2011.
For more information, contact:
Saeed Ahmad Khan
Company Secretary
Hira Textile Mills Limited
44-e/1, Gulberg-III
Lahore
Tel: 042 – 3571 4191-4
Fax: 042 – 3571 0048
E-mail: hira@hiramills.com.pk
Website: www.hiratex.com.pk