Sunrays 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 September 30, 2011 at 11:00 a.m. at its registered office Karachi recommended the following:
A final cash Dividend for the year ended 30-06-2011 at Rs. 3.00 per share i.e. 30%.
The financial results of the Company are as follows:
The Annual General Meeting of the Company will be held on October 31, 2011 at 5:45 p.m. at Plot No. 3 and 7 Sector 25, Korangi Industrial Area, Karachi.
The above entitlement will be paid to the Shareholder’s whose names will appear in the Register of Members on 21-10-2011.
The share transfer Book of the company will be dosed form 22-10-2011 to 29-104011 (both days inclusive). Transfer received at the complete address of share department at the close of business on 21-10-2011 will be treated in time for the purpose of above entitlement to the transferees.
Profit and Loss Account for the Year Ended June 30, 2011
|Sales – net||24||5,185,456,019||2,968,381,750|
|Cost of goods sold||25||(4,648,402,463)||(2,369,066,937)|
|Profit on trading of cotton lint||26||246,114||5,537,667|
|Profit on other operations||27||725,897||957,886|
|Other operating expenses||30||(14,490,775)||(27,995,775)|
|Other operating income||32||1,296,916||844,076|
|Profit before taxation||272,683,885||361,722,483|
|Provision for taxation||33||(37,995,053)||(24,230,273)|
|Profit after taxation||234,688,832||337,492,210|
|Other comprehensive income for the year – net of tax||–||–|
|Total comprehensive income for the year – net of tax||234,688,832||337,492,210|
|Earnings per share – basic and diluted||34||34.01||48.91|
The annexed notes from 1 to 43 form an integral part of’ these financial statements.
For more information, contact:
Sunrays Textile Mills Limited
5th Floor, Office No.508 Beaumont Plaza,
Beaumont Road, Civil Lines Quarters,
Tel #: (92-21) 111-404-404
Fax #: (92-21) 5693593