Indus Dyeing and Manufacturing Company 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 on September 30, 2011 at 11:30 a.m. at its registered office Karachi recommended the following:

Cash Dividend

A final cash dividend of Rs. 10 per share (100%) and also the interim cash dividend of Rs. 5/= per share (50 %) declare on 16th March 2011, making a total cash dividend of Rs.15 per share of the year ended 30-06-2011atRs.15.00 per share i.e. 150%.

The financial results of the Company are as follows:

The Annual General Meeting of the Company will be held on October 31, 2011 at 5:00 p.m. at Plot No. 3 and 7 Sector 25, Korangi Industrial Area, Karachi.

The above entitlement will be paid to the Shareholder’s whose names will appear in the Register of Members on 21-10-2011.

The share transfer Book of the company will be closed form 22-10-2011 to 29-104011 (both days inclusive). Transfer received at the complete address of share department at the close of business on 21-10-2011 will be treated in time for the purpose of above entitlement to the transferees.

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

 

2011

2010

Note

Rupees in ‘000

Sales2618,253,523109,911,595
Cost of goods sold 27(15,355,860)(8,372,140)
 ———-———-
Gross profit2,897,6632,539455
Other operating income28 93,19345,258
 ———-———-
2,990,8562,584,713
Distribution cost29(255,533) (217,634)
Administrative expenses30(115,533)(104,140)
Other operating expenses31(114,152) (143,440)
Finance cost32(336,760)(495,702)
———- ———-
(821,973)(960,916)
———- ———-
2,168,8831,623,797
Share of profit from
Joint venture – net of tax15.148,521289,920
Associate – net of tax15.2 57,865 82,920
———- ———-
106,386372,840
 ———-———-
Profit before taxation 2,275,2691,996,637
Taxation 33 (144,010) (138,172)
———- ———-
Profit for the year2,131,2591,858,465
———-———-
Earnings per share – basic and diluted34117.92 102.83

 

The annexed notes from 1 to 45 form an integral part of these financial statements.

For more information, contact:
Ahmed Faheem Niazi
Company Secretary
Indus Dyeing and Manufacturing Company Limited
5th Floor Office No.508,
Beaumont Plaza, Beaumont Road,
Civil Lines Quarters, Karachi, Pakistan.
Tel: # (92-21) 111-404-404
Fax: # (92-21) 5693593
E-mail: info@indus-group.com
Web: www.indus-group.com