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

Karachi: This is to inform you that the Board of Directors of our Company in their meeting held on September 27, 2011 at 04:00 PM at Registered Office 20, Bilal Road, Civil Lines, Faisalabad recommended the following: -

Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 at Rs.1 per share i.e. 10%.

Bonus Shares/ Right Shares /Other Entitlement

Nil

The Financial results of the Company are as follows:

 

2011

2010

Rupees

Rupees

Sales5,241,844,9123,162,510,891
Cost of goods sold4,347,161,9662,643,388,716
————- ————-
Gross profit 894,682,946519,122,175
Trading profit12,194,657-
Other operating income73,077,568522,764
 ————-————-
979,955,171519,644,939
Distribution cost69,012,07342,443,514
Administrative expenses34,957,56728,231,094
Other operating expenses145,950,945 88,181,249
Finance cost 230,627,169238,580,740
 ————-————-
480,547,754395,436,597
Share of (loss) of associate(62,235,305) (52,726,730)
————-————-
Profit before taxation 437,172,11271,481,612
Provision for taxation 91,755,01717,834,273
————- ————-
Profit for the year345,417,09553,647,339
————- ————-
Earnings per share – Basic and diluted10.141.58

 

The Annual General Meeting of the Company will be held at 10:00 AM on Tuesday, the 25th October, 2011 at Mills 28 KM, Sheikhupura Road, Faisalabad. The share transfer books of the Company shall remain closed from October 18, 2011 to October 25, 2011 (both days inclusive). Transfer received at M/s Consulting One (Private) Limited, 478-D, Peoples colony, Faisalabad at the close of business on October 17, 2011 will be treated in time for the purpose of the above entitlement to the transferees.

For more information, contact:
Shahab-Ud-Din Khan
Company Secretary
Zahid Jee Textile Mills Limited
20, Bilal Road, Civil Lines,
Faisalabad – Pakistan
E-mail: azhidjee@zahidjee.com.pk
URL: www.zahidjee.com.pk