Sunrays 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 September 30, 2011 at 11:00 a.m. at its registered office Karachi recommended the following:

Cash Dividend

A final cash Dividend for the year ended 30-06-2011 at Rs. 3.00 per share i.e. 30%.

The financial results of the Company are as follows:

The Annual General Meeting of the Company will be held on October 31, 2011 at 5:45 p.m. at Plot No. 3 and 7 Sector 25, Korangi Industrial Area, Karachi.

The above entitlement will be paid to the Shareholder’s whose names will appear in the Register of Members on 21-10-2011.

The share transfer Book of the company will be dosed form 22-10-2011 to 29-104011 (both days inclusive). Transfer received at the complete address of share department at the close of business on 21-10-2011 will be treated in time for the purpose of above entitlement to the transferees.

Profit and Loss Account for the Year Ended June 30, 2011

 

20112010
NoteRupeesRupees
Sales – net245,185,456,0192,968,381,750
Cost of goods sold25(4,648,402,463)(2,369,066,937)
 ————-————-
Gross profit537,053,556599,314,813
Profit on trading of cotton lint26246,1145,537,667
Profit on other operations27725,897957,886
 ————- ————-
972,0116,495,553
————- ————-
538,025,567605,810,366
Distribution cost28 (59,074,606)(50,862,169)
Administrative expenses29(50,737,987)(45,403,197)
Other operating expenses30(14,490,775)(27,995,775)
Finance cost31(142,335,230)(120,670,818)
Other operating income321,296,916844,076
 ————-————-
(265,341,682) (244,087,883)
 ————- ————-
Profit before taxation272,683,885361,722,483
Provision for taxation33(37,995,053) (24,230,273)
————- ————-
Profit after taxation234,688,832 337,492,210
Other comprehensive income for the year – net of tax --
 ————-————-
Total comprehensive income for the year – net of tax234,688,832 337,492,210
 ————- ————-
Earnings per share – basic and diluted34 34.0148.91

 

The annexed notes from 1 to 43 form an integral part of’ these financial statements.

For more information, contact:
Sunrays Textile Mills Limited
5th Floor, Office No.508 Beaumont Plaza,
Beaumont Road, Civil Lines Quarters,
Karachi, Pakistan.
Tel #: (92-21) 111-404-404
Fax #: (92-21) 5693593
E-mail: info@indus-group.com