The National Silk and Rayon Mills Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 29.10.2011 at 10:00 a.m. at Mills premises at Jaranwala Road, Faisalabad has approved the Quarterly Accounts for the period ended September 30, 2011, A complete copy of the profit and loss account with comparative figures of the corresponding period is enclosed herewith for your information and circulation.

Condensed interim profit and loss account (unaudited ) for the period ended September 30,2011

 

September 30,

September 30

2011

2010

Note

Rupees

Rupees

Sale-net990,589,03895,746,173
Cost of sales82,075,56287,560,855
 ———-———–
Gross profit 8,513,4768,185,318
Distribution cost 179,774-
Administrative expenses 5,706,674 6,009,486
Other operating expenses95,18347,695
———- ———-
 5,981,632 6,057,181
  ———- ———-
 2,531,844 2,128,137
Other operating income 10 354,425125,128
———-———-
2,886,2692,253,265
Finance cost1,621,689 1,143,037
 ———- ———-
Profit before taxation1,264,5801,110,228
Taxation:
Current:
For the year905,890957,462
Deferred - 1,021,257
———-———
905,8901,978,719
———- ———-
Profit/ (Loss) for the period358,689 (868,491)
 ———– ———-

——-Rupees———-

(Loss ) / Earning per share-Basic and Diluted 0.32 (0.78)

 

The annexed notes 1 to 13 form an integral part of these Condensed interm financial statements.

For more information, contact:
The National Silk and Rayon Mills Limited
Jaranwala Road Faisalabad,
Tel#92-41-8530235-36, 8534240, 8711865
Fax: 92-41-8712216