Dewan Khalid Textile 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 October31, 2011 at 03:30 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, 2011 are as follows:

 

July 2011 to

July 2010 to

Sep 2011

Sep 2010

(Rupees)

Sales-net298,782,420230,331,332
Cost of Sales  (287,515,829)(208,164,552)
  ———– ———–
Gross Profit11,266,59122,166,780
Operating Expenses
Distribution Cost and Selling Expenses (3,876,215)(204,563)
Administrative and General Expenses (11,616,500)(3,392,431)
———– ———–
 (15,492,715)(3,596,994)
———–———–
Operating (Loss) / Profit (4,226,124) 18,569,786
Finance Cost(54,976) (21,732)
 ———– ———–
 (4,281,100)18,548,054
Impairment in Investment - (5,810,372)
Workers’ profit participation fund -(636,884)
———– ———–
(Loss) / Profit before Taxation (4,281,100)12,100,798
Taxation
- Current(2,987,959)(2,303,313)
- Deferred-8,688,065
———– ———–
 (2,987,959)6,384,752
 ———–———–
(Loss) / Profit after Taxation  (7,269,059) 18,485,550
 ———– ———–
(Loss) / Earning per Share – Basic(1.28)3.25

 

For more information, contact:
Dewan Khalid Textile Mills Limited
Finance and Trade Centre (FTC),
8TH Floor, Block-A,
Shahrah-e-Faisal, Karachi, Pakistan
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860,
Web: www.dewangroup.com.pk

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