Saif Textile Mills Limited’s Financial Results for the Year Ended June 30, 2011

Karachi: We have to inform you that the board of Directors of our Company in their meeting held on October 03, 201l, at 04:00 PM. at Islamabad recommended the following:

1) Cash Dividend    20%

2) Bonus Shares     Nil

3) Right Shares     Nil

4) Any Other Information

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

The Share Transfer Books of the company will be closed from October 25, 2011 to October 31, 2011 (both days inclusive). Transfer received at the registered office of the company i.e. APTMA House, Tehkal Pavan, Jamrud Road, Peshawar at the close of business on October 24, 2011 will be treated in time for the purpose of above entitlement to the transferees.

Profit and Loss Account for the Year Ended 30 June, 2011

 

2011

2010

Rupees in thousand

Sales  7,361,391  4,642,452
Cost of Sales  6,021,743 3,931,756
———  ———
Gross Profit  1,339,648 710,696
Distribution Cost 206,762 117,790
Administrative Expenses 125,600 102,679
Other Operating Expenses 61,539 8,067
Other Operating Income  (3,137) (4,232)
 ——— ———
390,764 224,304
———  ———
Profit from Operations 948,884  486,392
Finance Cost 216,487 259,307
 ——— ———
 732,397 227,085
Exchange fluctuation Loss 45,190 123,984
 ——— ———
Profit before Taxation 687,207 103,101
Taxation
Current 73,614 21,923
Prior years  5,863 (1,292)
Deferred 0 4,981
 ———  ———
 79,477  25,612
———  ———
Profit after Taxation  607,730 77,489
Other Comprehensive Income 0 0
 ———  ———
Total Comprehensive Income  607,730 77,489
———  ———
 Rupees
Earnings per share 23.01 2.93

 

For more information, contact:
Saif Textile Mills Limited
3rd Floor, Kulsum Plaza,
Blue Area, Islamabad,
Pakistan: + (92 51) 2277670,
Fax: + (92 51) 2822564
www.saiftexti1e.com

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