Din Textile Mills Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Tuesday the 27th September 2011 at 3:30 pm, the Registered office of the company Din House, 35-A/1, Lalazar Area, Opp: Beach Luxury Hotel, M.T. Khan Road, Karachi recommended the following:

(i) Cash Dividend

A final Cash Dividend for the year ended 30-06-2011 at Rs. 2/= per share i.e. 20%

The financial results of the Company are as follows:

 

For the year

Ended June 30,

2011

For the year

Ended June 30,

2010

Rupees

Rupees

Sales – net7,708,743,2474,699,368,723
Cost of sales(6,099,469,105)(3,767,900,161)
————-————-
Gross Profit1,609,274,142931,468,562
Distribution cost 219,763,163195,200,541
Administrative expenses91,677,17780,810,935
Other operating expenses56,637,05831,954,167
Financial Cost330,083,322213,163,132
————- ————-
98,160,720521,428,775
————-————-
911,113,422410,039,787
Other operating Income14.569,7474,002,613
————- ————-
Profit before taxation925,683,169414,042,400
Provision for taxation(74,331,658)(54,163,213)
————-————-
Profit for the year851,351,511859,879,187
————-————-
Earnings per share – basic and diluted41,7717.66

 

 

The Annual General Meeting of the Company will be held on 27-10-2011 at 7:00 p.m. at Aquires Hall, Beach Luxury Hotel, M.T. Khan Road, Karachi.

The above entitlement be paid to the shareholders whose names will appear in the Register of Members on October 20, 2011.

The Share Transfer Books of the Company will be closed from 21-10-2011 to 27-10-2011 (both days inclusive). Transfer received at the Registrar Office of the company M/s. Noble Computer Services (Pvt.) Limited, 1st Floor, House of Habib Building (Siddiqsons Tower), 3 – Jinnah Cooperative Housing Society, Main Shahra-e-Faisal, Karachi, at the close of business on October 20, 2011 will be treated in time for the purpose of above entitlement to the transferees.

 

For more information, contact:
Islam Ahmed
Company Secretary
Din Textile Mills Limited
Din House, 35-A/1,
Lalazar Area, Opp.
Beach Luxury Hotel,
P.O. Box No 4696 Karachi 74000
Pakistan.
Tel: 92-21 35610001-3
Fax: 92-21 35610009
Email: dingroup@dingroup.com
Web: www.dingroup.com