Dewan Farooque Spinning Mills Limited’s financial results for the first quarter ended September 30, 2012
Karachi, November 01, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on October 31, 2012 at 07:00 p.m. at 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 September 30, 2012, are as follows:
July-Sep 2012 | July-Sep 2011 | |
(Rupees) | ||
| Sales-Net | 296,585,970 | 339,787,577 |
| Cost of Sales | 292,002,495 | 370,479,717 |
———– | ———– | |
| Gross Profit/ (Loss) | 4,583,475 | (30,692,140) |
| Operating Expenses | ||
| Administrative expenses | 6,559,395 | 8,440,041 |
| Selling and distribution expenses | 4,181,197 | 8,137,427 |
———– | ———– | |
10,740,592 | 16,577,468 | |
———– | ———– | |
| Operating Loss | (6,157,117) | (47,269,608) |
| Other Income | - | 610,674 |
———– | ———– | |
(6,157,117) | (46,658,934) | |
| Finance Cost | 14,677,886 | 2,840,721 |
———– | ———– | |
| Loss before Taxation | (20,835,003) | (49,499,655) |
| Taxation | ||
| Current | 1,496,390 | 3,635,097 |
| Deferred | (5,249,128) | - |
———– | ———– | |
(3,752,738) | 3,635,097 | |
———– | ———– | |
| Loss after Taxation | (17,082,265) | (53,134,752) |
———– | ———– | |
| Basic (loss)/ Earnings per Share (Rupees) | (0.17) | (0.54) |
For more Information, contact:
Haroon Iqbal
Director
Dewan Farooque Spinning Mills Limited
7TH Floor, Block-A,
Finance and Trade Centre (FTC),
Shahrah-e-Faisal, Karachi, Pakistan
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860,
Web: www.dewangroup.com.pk
