Shadman Cotton Mills Limited’s financial results for the half year ended 31ST Dec, 2011

Karachi: We have to inform you that the Board Meeting of Directors of’ our Company in their Meeting held on 8th March, 2012 at 6:00 p.m. at 801-804, 8th Floor, Lakson Building No. 3, Block-A, Sarwar Shaheed Road, Karachi recommended the following:

i) Cash Dividend                                       Nil

And/ Or

ii) Bonus Issue                                        Nil

And/ Or

iii) Right Shares                                      Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action            Nil

And/ Or

(v) Any Other Price-Sensitive Information              Nil

The financial results of the Company are as follows:

 

Half year ended

Quarter ended

Dec – 11

Dec – 10

Dec – 11

Dec – 10

Rupees

Rupees

Rupees

Rupees

Sales and services 1,810,883,200 2,811,887,153 1,035,469,147 1,573,820,446
Cost of Sales and services (1,905,482,627) (2,552,240,692) (995,260,367) (1,456,161,606)
————- ————- ————- ————-
Gross (Loss)/ Profit (94,599,427) 259,646,461 40,208,780 117,658,840
Other Operating income 1,780,973 5,762,190 571,961 3,380,668
Distribution cost (14,299,130) (26,098,816) (6,782,372) (13,164,100)
Administrative expenses (30,925,628) (27,804,926) (15,605,301) (14,190,708)
Other operating expenses (37,500) (7,951,330) (37,500) (2,983,220)
Finance cost (96,126,949) (96,743,867) (46,549,805) (50,925,249)
————- ————- ————- ————-
(139,608,234) (152,836,749) (68,403017) (77,882,609)
(Loss)/ Profit before taxation (234,207,661) 106,809,712 (28,194,237) 39,776,231
Taxation
Current year (18,060,932) (29,018,017) (10,250,872) (16,429,938)
Prior year 784,294 - 784,294 -
Deferred tax 19,545,170 (26,185,144) 36,345,955 473,559
————- ————- ————- ————-
2,268,532 (55,203,161) 26,879,377 (15,956,379)
————- ————- ————- ————-
(Loss)/Profit after taxation (231,939,130) 51,606,551 (1,314,860) 23,819,852
————- ————- ————- ————-
(Loss) /Earning per share -
basic and diluted (13.15) 2.93 (0.07) 1.35

 

The share transfer books of the company will be closed from Nil to Nil (both days inclusive). Transfers received at the Technology Trade (Pvt.) Ltd., 241-C, Block-2, P.E.C.H.S., Karachi at the close of business on Nil will be treated in time for the purpose of above entitlement to the transferees.

We will be sending you 300 copies of printed accounts for distribution amongst the member of the Exchange.

For more information, Contact:
Shadman Cotton Mills Limited
801-804, 8th Floor,
Lakson Square Building No. 3,
Block – A, Sarwar Shaheed Road, Karachi.
Ph: (92-21) 35220481-88,
Fax: (92-21) 35220495-96
E-mail: info@nadeem.com.pk

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