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Tuesday, November 21st, 2017

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

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by September 29, 2011 Financial Results

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

Sales 5,241,844,912 3,162,510,891
Cost of goods sold 4,347,161,966 2,643,388,716
————-  ————-
Gross profit  894,682,946 519,122,175
Trading profit 12,194,657
Other operating income 73,077,568 522,764
 ————- ————-
979,955,171 519,644,939
Distribution cost 69,012,073 42,443,514
Administrative expenses 34,957,567 28,231,094
Other operating expenses 145,950,945  88,181,249
Finance cost  230,627,169 238,580,740
 ————- ————-
480,547,754 395,436,597
Share of (loss) of associate (62,235,305)  (52,726,730)
————- ————-
Profit before taxation  437,172,112 71,481,612
Provision for taxation  91,755,017 17,834,273
————-  ————-
Profit for the year 345,417,095 53,647,339
————-  ————-
Earnings per share – Basic and diluted 10.14 1.58

 

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

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