Dewan Mushtaq 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 October 31, 2011 at 04:00 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, 2011, are as follows:

 

July 2011

July 2010

to

to

Sep. 2011

Sep. 2010

(Rupees)

Sales – Net393,389,334326,428,090
Cost of Sales (364,910,804)(283,616,329)
 ——————————
Gross Profit28,478,530 42,811,761
 ————— —————
Administrative and General Expenses(7,701,558) (6,246,500)
Distribution Costs and Selling Expenses  (1,482,574) (1,145,730)
 ————— —————
 (9,184,132)(7,392,230)
——————————
Operating Profit19,294,39835,419,531
Other Income 82,632260,801
Finance Cost (64,305)(21,215)
Other Charges (965,636)(1,604,175)
Impairment in investment-(3,575,613)
——————————
Profit before taxation18,347,08930,479,329
Taxation
-       Current (3,938,893)(3,264,281)
-       Deferred-803,649
————— —————
(3,938,893) (2,460,632)
——————————
Profit after taxation14,408,19628,018,697
——————————
Earning Per Share Basic4.208.16

 

For more information, contact:
Haroon Iqbal
Director
Dewan Mushtaq Textile Mills Limited
Office: Finance and Trade Centre (FTC)
8th Floor, Block-A
Shahra-e-Faisal,
Karachi-Pakistan
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860
Web: www.dewangroup.com.pk

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