Taj Textile Mills Limited’s financial results for the quarter / half year ending December 31, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on February 28, 2011 at 1: 30 P.M. at Registered Office at Office 1, First Floor, 1-K, Commercial Zone, K Block, Model Town, Lahore, recommended the following:

(i) Cash Dividend

A final Cash Dividend for the Quarter ended December 31, 2011 at Rs.NIL per share i.e. NIL %. This is in addition to Interim Dividend (s) already paid at Rs. NIL per share i.e. NIL %.

And/ Or

(ii) Bonus Shares

It has been recommended by the Board of Directors to Issue Bonus Shares in the proportion at NIL shares(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 to issue NIL % Right Shares at par/at a discount/premium of Rs. NIL per share in proportion of NIL  share (s) for every NIL share (s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

And/ Or

(iv) Any Other Entitlement / Corporate Action

And/ Or

(v) Any Other Price-Sensitive Information

The financial results of the Company are as follows: Attached

(The Company shall give complete Profit and Loss Account along with appropriations, earning per share and comparative figures of immediately preceding corresponding period. In addition, if the accounts contain certain qualification/ observation by the auditors, the same should also be intimated).

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

 

Note

For the half year ended

For the quarter ended

December

December

December

December

31, 2011

31, 2010

31, 2011

31, 2010

Rupees

Rupees

Rupees

Rupees

Revenue
Cost of revenue
———- ——— ———- ———-
Gross profit / (loss)
Operating expenses
Administrative 1,365,324 1,368,165 708,784 629,760
———- ——— ———- ———-
Operating loss (1,365,324) (1,368,165) (708,784) (629,760)
Other income 24,154,201 16,878,485
———- ——— ———- ———-
22,188,877 (1,368,165) 16,169,701 (629,760)
Other charges
Finance cost 609 521
Depreciation 21,928,035 24,307,509 10,963,475 12,152,402
———- ——— ———- ———-
21,928,035 24,308,118 10,963,475 12,152,923
———- ——— ———- ———-
Net profit / (loss) for the period 860,842 (25,676,283) 5,206,226 (12,782,683)
Earning / (loss) per share – basic and diluted 13 0.03 (0.77) 0.16 (0.38)

 

For more information, Contact:
Taj Textile Mills Limited
31/C-1, Ghalib Road, Gulberg III,
Lahore – 54660, Pakistan
Tel: (042) 5710216-20, 5751811-4
Fax: (042) 5712881
E-mail: elahimk@brain.net.pk

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