Hajra 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 our company in their meeting held at 03:30 p.m. on Friday, November 04, 2011 recommended the following:

(i) Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 Nil per share i.e. Nil%. This is in addition to interim dividend already paid at Rs. Nil per share i e Nil %.

(ii) Bonus Issue

It has also been recommended by the Board of Directors to issue Bonus share in the proportion of Nil share(s) for every Nil share(s) held i.e. Nil%. This is in addition to the interim bonus shares already declared Nil %. The bonus shares will be entitled/not entitled for the Right Shares.

(iii) Right Shares

The Board has also recommended to issue Nil % Right Shares at par/at a discount premium of Rs. Nil per share in proportion of Nil shares for every Nil share.

(iv) Any Other Entitlement


(v) Any Other Information

The financial results of the company are as follows:

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


Sales- net 1,211,958,0021,007,562,632
Cost of Sales (1,211,586,331)(992,831,811)
 ————- ————-
Gross Profit371,671 14,730,821
Operating Expenses:
- Distribution cost (3,346,119)(3,247,156)
- Administrative expenses (15,786,198)(11,041,659)
————- ————-
Operating Profit / (Loss)(18,760,646)442,006
Finance cost(30,464,394)(27,226,184)
Other operating income1,389,566 -
Other operating charges(353,389)(408,669)
 ————- ————-
 (29,428,217) (27,634,853)
Loss before Taxation (48,188,563) (27,192,847)
Taxation55,008,311 2,174,011
————- ————-
Profit/ (Loss) after Taxation6,819,448 (25,018,836)
————- ————-
Earnings per Share – Basic0.50 (1.82)


For more information, contact:
Ahmed Ellahi
Hajra Textile Mills Limited
45 – 50 Industrial Area.
Gulberg-III, Lahore – 54660, Pakistan.
Phones: 35756181 -83-96
Telefax: (92-42)3575 9466

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