Janana De Malucho Textile Mills Limited’s financial results for the 1st quarter ended 30-09-2011

Karachi: We have to inform you that the Board of Directors of our company in their Meeting held on Monday the 31st October 2011 at 12:30 A.M. at Gammon House, Rawalpindi have recommended the following:

1. Cash dividend:

An Interim Cash Dividend for the 1st quarter ended 30th September 2011 @ Rs. Nil per share i.e. Nil %.

2. Bonus Issue:

It has been recommended by the Board of Directors to issue Interim Bonus Shares in proportion of Nil shares for every Nil share held i.e.

Nil%

3. Right shares:

The Board has recommended to issue Nil % Right Shares at par/at premium of Rs. Nil per shares in proportion of Nil share for every Nil shares subject to the consent of the Controller Capital Issues.

Any Other Entitlement:       Nil

The financial results of the company are as follow: -

 

1st Quarter Ended

September

September

2011

2010

Rupees in Thousands

Sales  559,451  459,831
Cost of sales  505,671  380,306
  ———  ———
Gross profit  53,780  79,525
Distribution cost 3,774  2,432
Administrative expenses   13,527  7,958
Other operating expenses  1,053 6,917
Other operating income  (1,089) (1,296)
——— ———
 17,265 16,011
——— ———
Operating profit 36,515 63,514
Finance cost 12,932  (4,464)
——— ———
Profit before taxation 23,932 67,978
Taxation  5,602 4,606
——— ———
Profit after taxation 18,330  63,372
———  ———
Rupees
Earnings/(loss) per share  3.83 14.72

 

Note:

Previous corresponding quarter’s figures have been restated wherever necessary for the purpose of comparison.

For more information, contact:
Janana De Malucho Textile Mills Limited
Habibabad, Kohat (N.W.F.P-Pakistan).
Tel: +92-922-510063
Fax: +92-922-510474
Email: janana_textile@hotmail.com
Website: http://www.jdm.com.pk/

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