Tata 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 Wednesday the September 7, 2011 at 12:15 P.M. at 8, 8th Floor Textile Plaza M.A. Jinnah Road Karachi recommended the following:

Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 at Rs. 3.00 per share i.e. 30%.

The Financial results of the Company for the year ended June 30, 2011 are as following.





Sales 5,198,073,214 3,783,988,659
Cost of goods sold(4,427,677,007) (2,836,376,321)
Gross Profit770,396,207947,612,338
Distribution cost (171,248,568)(146,124,741)
Administrative expenses(62,647,453)(58,718,350)
Other operating income(27,458,431) (35,829,793)
Finance cost39,384,80814,756,383
Profit before taxation366,051,467 457,293,469
Provision for taxation (62,585,484)(16,692,768)
 ————- ————-
Profit for the year303,465,983440,600,701
————- ————-
Earnings per share – basic and diluted17.5225.13



The Annual General Meeting of the Company will be held on Monday the October 10, 2011 at 12:30 P.M.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 1st October 2011.

The Share transfer books of the Company will be dosed from the October 03, 2011 to October 10, 2011 (both days inclusive).  Transfers received at the Noble Computers Services (Pvt.) Ltd., 1st Floor, House of Habib Building (Siddiqsons Tower), 3- Jinnah Cooperative Housing Society, Main Shahrah-e-Faisal Karachi – 75360 at the close of business on October 2011 will be treated in time.


For more information, Contact:
Tata Textile Mills Limited
8,8th Floor,Textile Plaza,
M.A. Jinnah Road,
Tel: 021-32412955,021-32426761
Fax: 021-32417710
Email: www.tatatex.com