Resham Textile Industries Limited’s financial results for the six months period ended 31 December 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on 29, February 2012 at 10:30 a.m., at the Company’s registered office i.e. 314 Upper Mall, Lahore recommended the following.

(1) Cash Dividend

An Interim Cash Dividend for the Six Months Period Ended 31 December 2011 at Rs. NIL per share i.e. NIL %. This is in addition to the interim Dividend(s) already paid at Rs. NIL per share i.e. NIL %.

And/ Or

(2) Bonus Shares

It has been recommended by the Board of Directors to issue Bonus shares in proportion of NIL share(s) for every NIL share(s) held i.e. NIL %. This is in addition to the interim Bonus Shares already issued @ NIL %.

And/ Or

(iii) Right Shares

The Board has recommended issue NIL % Right Shares at pan at a discount/ premium of Rs. NIL per share in proportion of NIL share(s) for ever NIL share(s). This in an addition to the interim Bonus Shares already issued @NIL%

AND/OR

4. Any Other Entitlement / Corporate Action

And/ Or

Any Other Price Sensitive Information

The financial results of the Company are enclosed herewith as Annexure “A”

We will be sending you 300 copies of printed Accounts for distribution amongst the members of the Exchange.

Thanking you and assuring you of our best cooperation at all times.

For the Six Months Period Ended 31 December 2011

 

Six months period ended

Three months period Ended

31 December

31 December

31 December

31 December

2011

2010

2011

2010

Note

Rupees

Rupees

Rupees

Rupees

Sales 10 1,625,939,995 1,704,666,506 757,703,194 977,350,795
Cost of sales  11 1,504,952,395 1,394,487,006 685,126,869 786,667,305
————- ————- ———– ————
Gross profit 120,987,600 310,179,498 72,576,325 190,683,491
Distribution cost 13,332,057 8,032,828 4,877,110 4,566,927
Administrative expenses  12 15,468,442 9,810,368 7,013,205 4,459,203
Other Operating expenses 13 4,095,965 17,373,978 2,501,555 10,441,935
————- ————- ———– ————
32,896,464 35,217,174 14,391,870 19,468,065
————- ————- ———– ————
88,091,138 274,962,324 58,184,455 171,215,426
Other operating income 2,315,396 4,839,623 1,272,494 1,573,967
————- ————- ———– ————
Operating Profit 90,406,532 279,601,947 59,456,949 172,789,393
Finance cost 35,140,686 45,179,151 25,704,086 31,898,944
————- ————- ———– ————
Profit before taxation 55,265,846 234,422,796 33,752,863 140,890,449
Income tax expense 14 23,419,427 79,304,491 8,140,831 44,661,883
————- ————- ———– ————
Profit for the period 31,846,419 155,118,305 25,612,032 96,228,566
————- ————- ———– ————
Earnings per share –
Basic and diluted (Rupees) 0.88 4.31 0.71 2.67

 

The annexed notes from I to IS form an integral part of this interim financial information.

For more information, Contact:
Resham Textile Industries Limited
314-Upper Mall, Lahore, Pakistan
Ph: (042) 111-76-76-76
Fax: 92-42-35711050
E-mail: reshamtex@wol.net.pk

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