Sajjad Textile Mills Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors in theft Meeting held on October 28, 2011 at 11:30 KM. has passed over cash dividend, bonus or right issue of the shares. The financial results of the Company are as follows:

 

September 30, 2011

September 30, 2010

Rupees

Rupees

Sales-Net30,717,900-
Cost of Sales (40,602,117) 7,671,377
 ————- ———–
Gross (Loss) (9,884,217) (7,671,377)
Operating Expenses:
Administrative (2,804,757)(1,500,904)
Selling and Distribution (190,882)(44,660)
  ————-———–
 2,995,639(1,545,564)
————- ———–
Operating (Loss)(12,879,856) (9,216,941)
Financial and other charges(472,529)(21,279)
 ————- ———–
(13,352,385) (9,238,220)
Other Income/ (Loss)4301,826,315
Workers Participation Fund  - -
 ————-———–
(Loss) Before Taxation (13,351,955) (7,411,905)
Taxation 307,179  -
 ————-———–
(Loss) After Taxation (13,659,134) (7,411,905)
————-———–
Accumulated Loss Brought Forward (157,896,082) (146,436,189)
 ————- ———–
(171,555,216)(153,848,094)
Transfers and Appropriations
Transferred from Surplus on revolution of Fixed Assets
Disposals – Net of Tax --
Current Period – Net of Tax(700,461) -
 ————- ———–
 (700,461)-
————- ———–
Accumulated Loss Carried Forward To Balance Sheet(172,255,677)(153,848,094)
 ————-———–
Profit / Loss Per Share – Basic (0.64)(0.35)

 

For more information, contact:
Sajjad Textile Mills Limited
19-B, Zafar Ali Road,
Gulberg V, Lahore
Ph: +92-42-35775501-03
Fax: +92-42-35711526
E-mail: lnfo@sajjadtextile.com
Website: www.sajjadtextile.com