Sajjad 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 September 29, 2011 at 11:30 A.M. has passed over cash dividend, bonus or right issue of the shares. The financial results of the Company are as follows.

 

June 30, 2011

June 30, 2010

Rupees

Rupees

Sals-Net 189,526,693 0
Cost of Sales 180,150,676 23,324,231
————- ————
Gross Profit/ (Loss) 9,376,017  (23,324,321)
Operating Expenses
Administrative 8,058,429 6,748,561
Selling and distribution 156,289 0
————- ————
8,215,289 6,748,561
 ————- ————
Other Income 2,314,276 118,077,745
————- ————
Profit/ (Loss) Before Financial and Other Charges 3,475,004 88,004,863
Financial and other Charges 1,714,514 6,863,109
————-  ————
Profit/ (Loss) Before Taxation 1,760,490 81,141,754
Taxation (13,217,610) (768,174)
————- ————
Profit/ (Loss) After Taxation (11,367,120) 81,909,928
————- ————
Accumulated loss brought forward (146,436,189) (241,382,913)
————- ————
(157,803,309) (159,472,985)
Transfers and appropriations:
transferred from surplus on revaluation of flied assets
Disposals – Net of Tax - 9,826,475
Current Year- Net of Tax 4,047,113 3,210,321
 ————- ————
4,047,113 13,036,796
————- ————
Accumulated loss carried to balance sheet  (153,756,196) (146,436,189)
 ————- ————
Profit/ (Loss) per share-basic (0.53) 3.85

 

The Annual General Meeting of the Company will be held at 11:30 A.M., on October 31, 2011 at the Registered Office of the Company at 19-B, Off: Zafar Ali Road, Gulberg-V, Lahore.

The Share Transfer Books of the Company will remain closed from October 24, 2011 to October 31, 2011 (both days inclusive). Transfer received in order at the Registered Office of the Company at 19-B, Off: Zafar Ali Road, Gulberg-V, Lahore at the close of business on October 23, 2011 will be treated in time.

 

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