Samin Textile Limited’s financial results for the year ended June 30, 2011.

Karachi: We have to inform you that the Board of Director of our company in their Meeting held on Tuesday 30.08.2011 at 11:00 A. M. at 50-C, Main Gulberg, Lahore Pakistan recommended the following:

(1) Cash Dividend

A final Cash Dividend for the year ended Tune 30, 2011 at Rs.-Nil- per share i.e. -Nil- %. This is in addition to Interim Dividend already paid at Rs, – Nil – per share i.e. – Nil -%

And/ Or

(2) Bonus Shares

It has been recommended by the Board of Directors to issue Interim Bonus shares in the proportion of – Nil-shares (s) for every -Nil         shares held i.e. – Nil – %. This is in addition to the interim Bonus Shares already issued – Nil – %.

And/ Or

(3) Right Shares

The Board has recommended to issue –Nil- % Right Shares at par / at a discount/ premium of Rs. – Nil – per share in proportion of -Nil – share (s) for every – Nil – shares. The entitlement of the right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

And/ Or

(4) Any Other Entitlement/ Corporate Action      Nil

And/ Or

(5) Any Other Price-Sensitive Information        None

The financial results of the Company are as follows:-

 

Audited

Year

ended

June 30, 2011

Audited

Year

ended

June 30, 2010

RupeesRupees
Sales – net3,096,483,7391,810,676,592
Cost of goods sold.2,805,197,6401,729,173,346
————- ————-
Gross profit291,286,09981,503,246
Other operating income27,110,111135,141,530
Selling and Distribution expenses60,586,94539,170,176
Administrative expenses 45,824,32342,809,376
Other operating expenses11,012,2996,723,166
————- ————-
117,423,56788,702,718
Finance cost139,209,503141,489,153
————- ————-
Profit/ (Loss) before taxation61,763,140(13,547,095)
Provision for taxation15,941,00815,921,162
————- ————-
Profit/ (Loss) after taxation45,822,132 (29,468,257)
————- ————-
Earnings / (Loss) per share-basic and diluted2.28 (2.21)

 

The Annul General Meeting of the Company will be held on 15-10-11 at 3:00 P.M. at the head office of the company, 50-Main Gulberg # C, Lahore.

The above entitlement will be paid to the shareholders whose names will appear in Register of the Members on  Nil-

The Share Transfer Books of the Company will be closed from 23-08-11 to 30-08-11 (both days inclusive). Transfers received at the 50-C, Main Gulberg, Lahore Pakistan at the close of business on August 23, 2010 will be treated in time for the purpose of above entitlement to the transferees.

 

For more information, contact:
Safder Hussain Tariq
Company Secretary
Samin Textile Limited
50-Main Gulberg, # C,
Lahore, Pakistan
Tel: (9242) 35753761-64
Fax: (92.42) 35753~33