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Faisal Spinning Mills Limited’s financial results for the year ended 30th June, 2011

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by September 27, 2011 Financial Results

Karachi: We have to inform you that the Board of Directors of company in their meeting held at 12:00 Noon on Tuesday, 27th September, 2011 recommended the following:

a. Cash Dividend:

A final cash dividend for the year ended 30th June, 2011@ PKR 7.5 per share i.e. 75%.

b. Financial Results

The financial results of the company for the year ended 30th June 2011 are enclosed at annexure “A”

c. Share Transfer Book Closure

Share Transfer Books of the company will be closed from 24th October 2011 to 31st October 2011 (both days inclusive).

Annexure “A”

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

 

Year ended

Year ended

June 30,

June 30,

2011

2010

Rupees

Rupees

Sales 9,137,111,608 5,230,637,080
Cost of goods sold 7,888,159,014 4,355,163,609
————- ————-
Gross profit 1,248,952,594 875,473,471
Other operating income 4,648,629 2,320,555
————- ————-
1,253,601,223 877,794,026
Distribution cost 307,219,107 225,604,826
Administrative expenses 45,117,898 56,541,309
Other operating expenses 33,876,524 28,449,813
Finance cost 223,733,766 211,118,416
————- ————-
609,947,295 521,714,364
 ————- ————-
643,653,928 356,079,662
Share of profit of associated undertaking 112,704,908 78,301,658
————- ————-
Profit before tax 756,358,836 434,381,320
Provision for taxation
Current year 96,367,018 52,513,829
Prior year 1,437,853 (33,492)
Deferred (20,729,423)
 ————- ————-
97,804,871 31,750,914
————- ————-
Profit after tax 658,553,965 402,630,406
————- ————-
Earnings per share – basic and diluted 65.86 40.26

 

For more information, contact:
Faisal Spinning Mills Limited
Umer House, 23/1, Sector 23, S. M. Farooq Road,
Korangi Industrial Area, Karachi- 74900
Phones: (92-21)5115177-80
Fax: (92-21)5115190

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