Dewan Farooque Spinnig Mills Limited’s financial results for the first quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on October 31, 2011 at 04:30 p.m. of Karachi, Pakistan, recommended the following:

(i) Cash Dividend                                   Nil

And/ Or

(ii) Bonus Shares                                   Nil

And/ Or

(iii) Right Shares                                  Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action         Nil

And/ Or

(v) Any Other Price-Sensitive Information           Nil

The un-audited financial results of the Company for the First Quarter ended September30, 2011, are as follows:

 

July 2011

July 2010

to

to

Sept2011

Sept2010

(Rupees)

Sales and Services (Net) 339,787,517  398,320,884
Cost of Sales 370,479,717 355,512,038
 ———– ———–
Gross (Loss) / Profit  (30,692,140) 42,808,846
Administrative and General expenses  8,440,041  4,242,692
Selling and distribution expenses  8,137,427  5,463,114
———– ———–
16,577,468 9,705,806
 ———–  ———–
Operating (Loss) / Profit (47,269,608) 33,103,040
Other Income 610,674 96,945
 ———– ———–
(46,658,934) 33,199,985
Other Charges
Finance cost  2,840,721  61,133
Worker’s Profit Participation Fund  - 1,656,943
 ———–  ———–
2,840,721 1,718,076
 ———– ———–
(Loss) / Profit before taxation (49,499,655)  31,481,909
———– ———–
Taxation
Current  3,635,097 3,995,933
Deferred  -  8,995,018
 ———–  ———–
3,635,097 12,990,951
 ———– ———–
(Loss)/ Profit after taxation  (53,134,752) 18,490,958
 ———–  ———–
Basic (toss) / earnings per share (Rupees)   (0.54)  0.31

 

For more information, contact:
Haroon Iqbal
Director
Dewan Farooque Spinnig Mills Limited
Finance and Trade Centre (FTC),
7th Floor, Block-A,
Shahrah-e-Faisal, Karachi- Pakistan
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860
Web: www.dewangroup.com

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