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,





Cost of goods sold7,888,159,0144,355,163,609
Gross profit1,248,952,594875,473,471
Other operating income4,648,6292,320,555
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
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)
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