Olympia Textile Mills Limited’s financial results for the year ended June 30, 2012
Karachi, October 09, 2012 (PPI-OT): We have to inform you that the Board of Directors in their meeting held on October 09, 2012 at 11:30 a.m. 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 arc enclosed as per Annexure “A”.
Olympia Textile Mills Limited
Profit and Loss Account
For the Year Ended June 30, 2012-10-09
2012 | 2011 | |
Rupees | Rupees | |
Restated | ||
| Sales-Net | - | - |
| Cost of goods sold | 7,516,574 | 8,405,477 |
——— | ——— | |
| Gross (loss) | (7,516,574) | (8,405,477) |
| Administrative expenses | 6,334,255 | 7,448,164 |
——— | ——— | |
| Operating (loss) | (13,850,829) | (15,853,641) |
| Finance cost | 962,347 | 778,444 |
| Other operating expenses | 3,439,060 | - |
——— | ——— | |
(18,252,236) | (16,632,085) | |
| Other income | 817,537 | 30,651 |
——— | ——— | |
| (Loss) before taxation | (17,434,699) | (16,601,434) |
| Provision for taxation | ||
| - current year | - | - |
| - deferred taxation | - | - |
——— | ——— | |
- | - | |
——— | ——— | |
| (Loss) after taxation | (17,434,699) | (16,601,434) |
——— | ——— | |
| Basic and diluted (loss) per share | (1.61) | (1.54) |
For more information, contact:
Muhammad Shakil Khan
Company Secretary
Olympia Textile Mills Limited
23-Davis Road
Lahore-54000 Pakistan
Ph: +92-42-111-859-674
Fax: +92-42-6363920
