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-Net189,526,6930
Cost of Sales180,150,67623,324,231
————-————
Gross Profit/ (Loss)9,376,017 (23,324,321)
Operating Expenses
Administrative8,058,4296,748,561
Selling and distribution156,2890
————-————
8,215,2896,748,561
 ————-————
Other Income2,314,276118,077,745
————-————
Profit/ (Loss) Before Financial and Other Charges3,475,00488,004,863
Financial and other Charges1,714,5146,863,109
————- ————
Profit/ (Loss) Before Taxation1,760,49081,141,754
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 Tax4,047,1133,210,321
 ————-————
4,047,11313,036,796
————-————
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