Ashfaq Textile Mills Limited’s financial result for the quarter ended Sep. 30. 2011
Karachi: We have to confirm you that the Board of Directors of our company in their meeting held on Wednesday, October 26, 2011 at 09 a.m. at Registered Office, 17k.m. Jaranwala Road, Faisalabad, recommended the following:
1. Cash Dividend
An interim Cash Dividend for the quarter ended Nil @ Nil Per share i.e. Nil %.
2. Bonus Issue
It has been recommended by the Board of Directors to issue interim Bonus Shares in proportion of Nil shares for every Nil share held i.e. Nil %.
3. Right Shares
The Board has also recommended to issue Nil % Right Shares at par/at a premium of Rs Nil per share in proportion of Nil share for every Nil shares subject to the consent of the Controller of Capital Issues.
4. Any Other Entitlement
The financial results of the Company are as follows:
Sep.30, 2011 | Sep.30, 2010 | ||
| Note | Rupees | Rupees | |
| Sales | 277,983,482 | 216,280,528 | |
| Cost of goods sold | 7 | 240,916,698 | 194,395,289 |
| ———– | ———– | ||
| Gross Profit | 37,066,784 | 21,885,239 | |
| Distribution Cost | 11,819,188 | 10,188,805 | |
| Administrative Expenses | 5,620,570 | 3,671,589 | |
| Other Operating Expenses | 797,552 | 382,175 | |
| Financial Cost | 3,675,987 | 4,209,918 | |
| ———– | ———– | ||
| 21,913,297 | 18,452,487 | ||
| ———– | ———– | ||
| Profit before Taxation | 15,153,487 | 3,432,752 | |
| Provision for Taxation | 2,763,818 | 1,880,751 | |
| ———– | ———– | ||
| Profit for the period | 12,389,669 | 1,552,001 | |
| ———– | ———– | ||
| Earnings per share – Basic | 1.77 | 0.22 |
It is requested that the said information may please be circulated to the member of the exchange.
For more information, contact:
Nadeem Ashfaq
Director
Ashfaq Textile Mills Limited
8-A, Office Colony No. 1,
Susan Road, Madina Town,
Faisalabad, Pakistan
Tel: +92-41-8740101/3
Fax: +92-41-8740106
E-mail: info@ashfaqtextile.com
Web: www.ashfaqtextile.com
