Sajjad Textile Mills Limited’s financial results for the year ended June 30, 2012

Karachi, September 25, 2012 (PPI-OT): We have to inform you that the Board of Directors in their meeting held on September 24, 2012 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, 2012

June 30, 2011

(Rupees)

(Rupees)

Sales – Net

307,851,826

189,526,693

Cost of Sales

287,828,176

180,150,676

———–

———–

Gross Profit/ (Loss)

20,023,650

9,376,017

Operating Expenses

11,695,525

8,058,429

Administrative

687,975

156,860

———–

———–

Selling and distribution

12,383,500

8,215,289

———–

———–

Other Income

430

2,314,276

———–

———–

Profit/ (Loss) before Financial and Other Charges

7,640,580

3,475,004

Financial and other charges

5,961,329

1,714,515

———–

———–

Profit/ (Loss) Before Taxation

1,679,251

1,760,489

Taxation

943,499

(13,127,610)

———–

———–

Profit/ (Loss) after Taxation

2,622,750

(11,367,121)

———–

———–

Accumulated loss brought forward

(157,896,082)

(150,576,074)

———–

———–

(155,273,332)

(161,943,195)

Transfers and appropriations:
transferred from surplus on revaluation of fixed assets
Disposals-Net of tax

312,934

-

Current Year- Net of Tax

3,829,112

4,047,113

———–

———–

4,142,016

4,047,113

———–

———–

Accumulated loss carried to balance sheet

(151,131,316)

(157,896,082)

———–

———–

Profit/ (Loss) per share-basic

0.12

(0.53)

The Annual General Meeting of the Company will be held at 11:30 A.M. on October 31, 2012 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, 2012 to October 31, 2012 (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 Ali Road,
Gulberg V, Lahore
Ph: +92-42-35775501-03
Fax: +92-42-35711526
E-mail: Info@sajjadtextile.com
Website: www.sajjadtextile.com