Olympia Textile Mills Limited’s financial results for the quarter ended September 30, 2012
Karachi, October 31, 2012 (PPI-OT): We have to inform you that the Board of Directors in their meeting held at 03:00 p.m. on Wednesday 31st October 2012 recommended the following:-
(i) Cash Dividend Nil
(ii) Bonus Issue Nil
(iii) Right Shares Nil
(iv) Any Other Entitlement Nil
The financial results of the Company are enclosed as per Annexure “A”.
Annexure-A
Profit and Loss Account (Un-Audited) for the Quarter Ended September 30, 2012
Quarter Ended | ||
Sep-2012 | Sep-2011 | |
Rupees | Rupees | |
| Sales-Net | - | - |
| Cost of goods sold | 1,580,355 | 1,906,265 |
| Gross (loss) | (1,580,355) | (1,906,265) |
——— | ——— | |
| Administrative expenses | 1,436,956 | 1,413,888 |
——— | ——— | |
| Operating (loss) | (3,017,311) | (3,320,153) |
| Finance cost | 416,322 | 695 |
——— | ——— | |
(3,433,633) | (3,320,848) | |
| Other income | 5,500 | 7,678 |
——— | ——— | |
| (Loss) before taxation | (3,428,132) | (3,313,170) |
| Provision for taxation | ||
| -current year | - | - |
| -deferred taxation | - | - |
——— | ——— | |
- | - | |
| (Loss) after taxation | (3,428,132) | (3,313,170) |
——— | ——— | |
| Basic and diluted (loss) per share | (0.32) | (0.31) |
For more information, contact:
Mohammad Shakil Khan
Company Secretary
Olympia Textile Mills Limited
23-Davis Road
Lahore-54000 Pakistan
Ph: +92-42-111-859-674
Fax: +92-42-6363920
