Shadab 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 at 11:00 a.m. on Wednesday, October 5, 2011 recommended the following:

CASH DIVIDEND

A final Cash Dividend for the year ended June 30, 2011 at Rs. 1.00 per share i.e. 10%.

The financial results of the Company are as follows:

 

(Rupees in Thousand)

June 30

June30

2011

2010

Sales-net   1,832,307  1,246,000
Cost of Sales 1,664,082 1,095,568
 ——— ———
GROSS PROFIT  168,225  150,432
Administrative and General  26,474  23,046
Selling and Distribution 2,853 1,103
 ——— ———
 29,327 24,149
 ——— ———
OPERATING PROFIT  138,898 126,283
Financial Charges 55,612  45,315
Other Charges 5,901  5,635
 ——— ———
77,385 75,333
Other Income 2,238 697
——— ———
PROFIT BEPORE TAXATION 79,623 76,030
Taxation 25,381 28,498
 ———   ———
PROFIT AFTER TAXATION 54,242  47,532
 ——— ———
Basic earning per share – (Rupees) 18.08 15.84

 

The Annual General Meeting of the Company will be held at 10:00 a.m. on October 31, 2011 at the Registered Office of the Company at A-601/A, City Towers, 6-K, Main Boulevard, Gulberg-II, Lahore.

The above entitlements will be paid to the shareholders whose names will appear in the Register or Members on October 24, 2011.

The Share Transfer Books of the Company will be closed from 25-30-2011 to 31-10-2011 (both days inclusive). Transfers received at Corplink (Pvt.) Limited, Wings Arcade, 1-K, Commercial, Model Town, Lahore, the Registrar and Shares Transfer Office of the Company by the close of business on October 24, 2011 will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Mian Aamir Naseem
Director
Shadab Textile Mills Limited
A-601/A, City Towers,
6-K, Main Boulevard,
Gulberg-II, Lahore.
Tel: (042) 35788714-16
Fax: (042) 35788718
Email: shadstm@brain.net.pk

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