Fazal 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 the Company in their meeting held on September 22, 2011 at 11.00 am. have recommended the following appropriation:

 

Cash Dividend60.00%
Bonus IssueNil
Right IssueNil
Interim DividendNil

 

Profit and Loss Account for the year ended June 30, 2011

 

Rs in thousand

for the year

for the year

ended

ended

June 2011

June 2010

Sales – net5,607,2014,075,778
Cost of sales5,076,8953,236,667
 ——————
Gross Profit 530,306 839,111
Selling and distribution expenses30,24048,251
General and Administrative expenses 53,938 51,064
Other operating charges21,18933,598
 ——————
 105,367 132,913
——————
Operating Profit424,939706,198
Other operating income12,018 6,979
 ——— ———
436,957713,177
Financial cost43,331 37,385
 ——— ———
Profit before taxation393,626675,792
Taxation:
Current 59,23042,140
Prior -(9,532)
Deferred(19,700)18,601
 ——— ———
39,53051,209
Profit after taxation354,096624,583
Unappropriated profit brought forward 7,512 4,804
 ——— ———
Unappropriated Profit361,608629,387
Appropriation:
Proposed dividend – 60.00% i. e Rs 6.00 per share 37,12561,875
(2010 100% i.e. Rs 10.00 per share)
Transfer to general reserves300,000 560,000
 ——— ———
337,125621,875
——————
Unappropriated profit carried forward24,4837,512
——— ———
Earning per share57.23100.94

 

For more information, contact:
Fazal Textile Mills Limited
L-A-2/B, Block-21,
Federal “B” Area,
Karachi-Pakistan
Tel: (92-21) 36321311
Fax: (92-21)36313372
E-mail: info@fazaltextile.com
Web Site: www.fazaltextile.com