Ravi Textile Mills Limited’s financial result for the 1st quarter ended 30-09-2011

Karachi: We have to inform you that Board of Directors in their meeting held on Monday, October 31, 2011 at 03:00 P.M at registered office of the company, 60-Tipu New Garden Town , Lahore have approved first quarter Accounts for the period ended 30th September, 2011. The financial results of the company are as follows:

Condensed interim profit and Loss Account for the Quarter Ended 30th September, 2011

 

 QUARTERQUARTER
 ENDEDENDED
  SEPTEMBERSEPTEMBER
 2011 2010
 Rupees Rupees
SALES -120,452,331
COST OF SALES (6,250,008) (126,080,121)
GROSS LOSS   (6,250,008)(5,627,790)
DISTRIBUTION COST- (880,078)
ADMINISTRATIVE EXPENSES(1,809,626) (2,766,678)
OTHER OPERATING EXPENSES- -
  (1,809,626)(8,096,756)
 (8,059,634) (8,724,546)
OTHER OPERATING INCOME1,770,000 -
LOSS FROM OPERATIONS (6,289,634)(8,724,546)
FINANCE COST (2,645,809)(8,497,222)
LOSS BEFORE TAXATION(8,935,443)(12,221,768)
PROVISION FOR TAXATION -  -
LOSS AFTER TAXATION(9,935,443) (12,221,768)
LOSS PER SHARE- BASIC AND DILUTED(0.36) (0.49)

 

For more information, contact:
Ravi Textile Mills Limited
60-Tipu, Block,
New Garden Town,
Lahore,
Pakistan.
Tel: +92-42-35886726
Fax: +92-42-35886729
Email: info@ravitextile.com