Gulistan Spinning Mills Limited’s financial results for the 1st quarter ended 30 September 2011

Karachi: We have to inform you that the board of directors of the company in its meeting held on 31 October 2011 had approved the un audited accounts for the quarter ended 30 September 2011.

The results are as Follows:-

 

30-09-2011

30-09-2010

RUPEES

RUPEES

Sa1es – Net 452,169,097  455,427,832
———–  ———–
cost of Sales 431,704,627 373,091,707
 ———–  ———–
Gross Profit 20,464,470 81,954,969
 ———–  ———–
Other operating (income) / Loss 54,856  592,719
  ———–  ———–
Distribution Cost 9,973,355  8,919,270
  ———–  ———–
Administrative expenses  7,146,110  5,476,729
 ———–  ———–
Other operating expenses 108,210 1,958,022
 ———– ———–
Finance Cost 43,520,559 43,146,172
———–  ———–
Loss before tax (40,225,757) 23,350,305
 ———–  ———–
Provision for taxation (6,715,265)  4,554,278
  ———– ———–
Net loss for the period after taxation  (33,510,492)  18,796,027
 ———–  ———–
Earning Per Share (2.29) 1.28

 

For more information, contact:
Zameer.Q.Siddiqui
Company Secretary
Gulistan Spinning Mills Limited
2nd Floor,
Finaly House,
I.I. Chandrigar Road,
Karachi, (Pakistan)
Tel: 92-21 32419943
Fax: 92-21 32411559
Email: khi@gulistangroup.com.pk

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