Dewan 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 n their meeting held on October 31, 2011 at 03:00 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 01, 2011

July 01, 2010

To Sep 30, 2011

to Sep 30, 2011

(Rupees)

Sales  629,177,551 1,099,207,337
Less: Commission  1,793,428 1,711,591
———–  ————-
Sales net 627,384,123 1,097,495,746
Cost of sales 777,339,004 1,054,785,326
———–  ————-
Gross (Loss) / Profit  (149,954,881)  42,710,420
Selling and Distribution cost 1,756,455  2,053,151
Administrative and General expenses  7,115,662  9,631,399
———–  ————-
8,872,117 11,684,550
———– ————-
Operating (Loss) / Profit  (158,826,998)  31,025,870
Finance cost  8,462,248 929,476
Other Charges  1,955,737 21,308,730
Other income  (677,015)  (82,080)
 ———– ————-
 9,740,970 21,956,126
———–  ————-
(Loss) / Profit before taxation  (168,567,968)  9,069,744
Taxation – Current  6,500,135 10,671,822
———– ————-
Loss after taxation (175,068,103)  (1,602,078)
  ———– ————-
Loss per share- Basic  (12.96) (0.12)

 

For more information, contact:
Haroon Iqbal
Director
Dewan 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

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