Gadoon Textile Mills Limited’s financial results for year ended 30th June, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on September 15, 2011 recommended the following:

 

(i) Cash Dividend100%
(ii)Bonus SharesNil
(iii)Right SharesNil
(iv) Any Other EntitlementNil

 

The financial results of the Company are annexed.

The annual General Meeting of the Company will be held at 10:00 a.m. on October 31, 2011 at registered office of the Company at Gadoon Amazai.

The Share Transfer Books of the Company will be closed from October 24, 2011 to October 31, 2011 (both days inclusive.) Transfers received at the Company’s Shared Registrar, Central Depository Company of Pakistan Limited, CDC House, 99-B, Block-B, S.M.C.H Society, Main Shahrah-e-Faisal, Karachi-74400 at the close of business on October 22, 2011 will be treated in time.

Profit and Loss Account (Audited) for the Year from July 01, 2010 to June 30, 2011

 

For the year

Ended

30-06-2011

For the year

Ended

30-06-2010

Rupees in ‘000′

Sales-net15,638,48710,028,765
Cost of Sales  (12,828,453) (8,444,067)
 ———-———-
Gross profit2,810,0341,584,698
Distribution cost(293,014) (280,164)
Administrative expenses(66,984)(54,333)
———-———-
 (359,998)(334,497)
———-———-
 2,450,0361,250,201
Final Cost(147,806) (290,551)
Other operating expenses (236,268)(91,932)
———- ———-
2,065,962867,718
Other operating Income103,635 6,969
———-———-
Profit before taxation 2,169,597874,687
Taxation
Current --
Deferred (13,342) (46,496)
———-———-
(13,342)(46,496)
Net Profit after tax2,156,255 828,191
Un-appropriated profit brought forward 1,300,647 636,519
  ———- ———-
Profit available for appropriation3,456,902 1,464,710
———- ———-
Appropriation;
Proposed dividend Rs.10.00 per share234,375164,063
(2010: Rs.7.00 per Share)
Transfer to General Reserve - -
———- ———-
(234,375)(164,063)
———-———-
Un-appropriated profit carried forward3,222,5271,300,647
———- ———-
earnings per share – before tax (Rupees) 92.5737.32
after tax (Rupees) 92.0035.34

 

For more information, contact:
Gadoon Textile Mills Limited
6-A Muhammad Ali Housing Society,
Abdul Aziz Haji Hashim Tabba Street,
Karachi-75350, Pakistan.
Tel: (92-21) 34397701-03
Fax (92-21) 34536229
E-mail: secretary@gadoontextile.com
Web: www.gadoontextile.ccrn