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

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by September 30, 2011 Financial Results

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:

Cash Dividend

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

 

2011 2010
Note Rupees Rupees
Sales – net 24 5,185,456,019 2,968,381,750
Cost of goods sold 25 (4,648,402,463) (2,369,066,937)
 ————- ————-
Gross profit 537,053,556 599,314,813
Profit on trading of cotton lint 26 246,114 5,537,667
Profit on other operations 27 725,897 957,886
 ————-  ————-
972,011 6,495,553
————-  ————-
538,025,567 605,810,366
Distribution cost 28  (59,074,606) (50,862,169)
Administrative expenses 29 (50,737,987) (45,403,197)
Other operating expenses 30 (14,490,775) (27,995,775)
Finance cost 31 (142,335,230) (120,670,818)
Other operating income 32 1,296,916 844,076
 ————- ————-
(265,341,682)  (244,087,883)
 ————-  ————-
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,
Karachi, Pakistan.
Tel #: (92-21) 111-404-404
Fax #: (92-21) 5693593
E-mail: info@indus-group.com

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