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Saturday, November 18th, 2017

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

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by September 22, 2011 Financial Results

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on September 22, 2011 at 11.00 am. have recommended the following appropriation:

 

Cash Dividend 60.00%
Bonus Issue Nil
Right Issue Nil
Interim Dividend Nil

 

Profit and Loss Account for the year ended June 30, 2011

 

Rs in thousand

for the year

for the year

ended

ended

June 2011

June 2010

Sales – net 5,607,201 4,075,778
Cost of sales 5,076,895 3,236,667
 ——— ———
Gross Profit  530,306  839,111
Selling and distribution expenses 30,240 48,251
General and Administrative expenses  53,938  51,064
Other operating charges 21,189 33,598
 ——— ———
 105,367  132,913
——— ———
Operating Profit 424,939 706,198
Other operating income 12,018  6,979
 ———  ———
436,957 713,177
Financial cost 43,331  37,385
 ———  ———
Profit before taxation 393,626 675,792
Taxation:
Current  59,230 42,140
Prior  – (9,532)
Deferred (19,700) 18,601
 ———  ———
39,530 51,209
Profit after taxation 354,096 624,583
Unappropriated profit brought forward  7,512  4,804
 ———  ———
Unappropriated Profit 361,608 629,387
Appropriation:
Proposed dividend – 60.00% i. e Rs 6.00 per share  37,125 61,875
(2010 100% i.e. Rs 10.00 per share)
Transfer to general reserves 300,000  560,000
 ———  ———
337,125 621,875
——— ———
Unappropriated profit carried forward 24,483 7,512
———  ———
Earning per share 57.23 100.94

 

For more information, contact:
Fazal Textile Mills Limited
L-A-2/B, Block-21,
Federal “B” Area,
Karachi-Pakistan
Tel: (92-21) 36321311
Fax: (92-21)36313372
E-mail: info@fazaltextile.com
Web Site: www.fazaltextile.com

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