Shams Textile Mills Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their Meeting held on today at 11:30 A.M. at 3rd Floor, Cotton Exchange Building, I. I. Chundrigar Road, Karachi, recommended the following:

 

(1)Cash DividendNil
(2) Bonus IssueNil
(3)Right SharesNil
(4)Any Other Entitlement/Corporate ActionNil
(5)Any Other Price-Sensitive InformationNil

 

The financial results of the Company are attached herewith.

The Annual General Meeting of the Company will be held on Friday, October 28, 2011 at 09:30 a.m. at 7-B/III, Marina Homes, Aziz Avenue, Gulberg-V, Lahore.

The above entitlement will be paid to the shareholder whose names will appear in the Register of Members on October 21, 2011.

The Share Transfer Books of the Company will be closed from October 22, 2011 to October 28, 2011 (both day inclusive). Transfer received at Crescent Group Services (Pvt.) Ltd., Suit No. 306, 3rd floor, Siddiq Trade Centre, 72-Main Boulevard, Gulberg, Lahore at the close of business on October 21, 2010 will be treated in time for the purpose of above entitlement to the transferees.

Profit and Loss Account for the Year Ended 30 June 2011

 

2011

2010

Note

(Rupees in thousand)

Sales234,244,0303,351,493
Cost of Sales24(3,967,651)(2,942,753)
 ——— ———
Gross Profit 276,379408,740
Distribution Cost25(62,166)(68,192)
Administrative Expenses26 (41,260)(36,674)
Other Operating Expenses27 (7,747) (29,816)
——— ———
(111,173)(134,682)
——————
165,206274,058
Other Operating Income285,3685,947
——————
Profit from Operations170,574280,005
Finance Cost29(130,404)(114,709)
 ——————
Profit before Taxation 40,170 165,296
Taxation30(36,703)(34,519)
 ——————
Profit after Taxation3,467130,777
 ——— ———
Earnings per Share – Basic and Diluted (Rupees)31 0.4015.14

 

For more information, contact:
Shams Textile Mills Limited
7-B-3 Aziz Avenue,
Gulberg 5, Lahore, Pakistan
Tel: +92 (42) 576 0381 – 576 0379
Fax: +92 (42) 576 0376