Olympia Textile Mills Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors in their meeting held on October07, 2011 at 11:30 p.m. recommended the following:

 

(i)Cash DividendNil
(ii)Bonus IssueNil
(iii)Right SharesNil
(iv)Any Other EntitlementsNil

 

 

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

 

 

Note.20112010
RUPEESRUPEES
Sales – Net20-5,660,443
Cost of goods sold21 8,405,47515,698,566
———- ———-
Gross (loss) (8,405,475) (10,038,123)
Administrative expenses227,248,16610,157,338
———-———-
Operating loss(15,653,641)(20,195,461)
Finance Cost23778,444869,549
———- ———-
(16,423,085)(21,065,010)
Other income2430,651325,102
 ———-———-
(Loss) before taxation(16,401,484)(20,739,908)
Provision for taxation
- current year--
- deferred taxation- -
 ———-———-
(Loss) after taxation (16,401,434)(20,739,908)
 ———-———-
Basic and diluted (loss) per share32(1.52) (1.92)

 

For more information, contact:
Olympia Textile Mills Limited
23-Davis Road,
Lahore – 54000, Pakistan
Tel: +92-42-111-659-674, 8302864
Fax: +92-42-8363920