Faisal Spinning Mills Limited’s financial results for the year ended 30th June, 2011

Karachi: We have to inform you that the Board of Directors of company in their meeting held at 12:00 Noon on Tuesday, 27th September, 2011 recommended the following:

a. Cash Dividend:

A final cash dividend for the year ended 30th June, 2011@ PKR 7.5 per share i.e. 75%.

b. Financial Results

The financial results of the company for the year ended 30th June 2011 are enclosed at annexure “A”

c. Share Transfer Book Closure

Share Transfer Books of the company will be closed from 24th October 2011 to 31st October 2011 (both days inclusive).

Annexure “A”

Profit and Loss Account for the Year Ended June 30, 2011

 

Year ended

Year ended

June 30,

June 30,

2011

2010

Rupees

Rupees

Sales9,137,111,6085,230,637,080
Cost of goods sold7,888,159,0144,355,163,609
————-————-
Gross profit1,248,952,594875,473,471
Other operating income4,648,6292,320,555
————-————-
1,253,601,223877,794,026
Distribution cost307,219,107225,604,826
Administrative expenses45,117,89856,541,309
Other operating expenses33,876,52428,449,813
Finance cost223,733,766211,118,416
————-————-
609,947,295521,714,364
 ————-————-
643,653,928356,079,662
Share of profit of associated undertaking112,704,90878,301,658
————-————-
Profit before tax756,358,836434,381,320
Provision for taxation
Current year96,367,01852,513,829
Prior year1,437,853(33,492)
Deferred-(20,729,423)
 ————-————-
97,804,87131,750,914
————-————-
Profit after tax658,553,965402,630,406
————-————-
Earnings per share – basic and diluted65.8640.26

 

For more information, contact:
Faisal Spinning Mills Limited
Umer House, 23/1, Sector 23, S. M. Farooq Road,
Korangi Industrial Area, Karachi- 74900
Phones: (92-21)5115177-80
Fax: (92-21)5115190