Bannu Woollen Mills Limited’s financial results for the 1st quarter ended 30-09- 2011

Karachi: We have to inform you that the Board of Directors of our company in their Meeting held on Monday the 31st October 2011 at 10:30 A.M. at Gammon House, Rawalpindi have recommended the following: -

(i) Cash Dividend:

An Interim Cash Dividend for the 1st quarter ended 30th September 2011 Rs. NIL per share i.e. NIL %.

(ii) 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%.

(iii) Right Shares:

The Board has recommended to issue NIL % Right Shares at par/at premium of Rs. NIL per shares in proportion of NIL share for every NIL shares subject to the consent of the Controller Capital Issues.

(iv) Any Other Entitlement:    Nil

The financial results of the company are as follow:-

 

1st Quarter Ended

September

September

2011

2010

Particulars

(Rupees in thousands)

Sales 218,930 227,777
Cost of Sales 138,232  141,759
  ——-  ——-
Gross Profit  80,698 86,018
Distribution Cost  9,054  9,179
Administrative Expenses  13,649 10,059
Other Operating Expenses 4,687  5,822
Other Operating Income  (462)  (340)
——- ——-
26,928 24,720
 ——- ——-
Operating Profit  53,770 61,298
Finance Cost 6,983 5,287
——- ——-
Profit before Taxation 46,787 56,011
Taxation 1,965  1,841
  ——- ——-
Profit after Taxation 44,822 54,170
 ——- ——-
 Rupees
Earning per Share 5.89  7.12

 

Note:

Previous corresponding quarter’s figures have been restated wherever necessary for the purpose of comparison.

For more information, contact:
Bannu Woollen Mills Limited
D.I.Khan Road, Bannu (N.W.F.P-Pakistan).
Tel: +92-928-613151, 612274, 613250
Fax: +92-928-611450
Email: bwmltd@brain.net.pk
Website: www.bwm.com.pk

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