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Latif Jute 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 our Company in their meeting held on Thursday 22nd September, 2011 at 3:00 PM at City Office 18/3, G/F, Mehran VIP Complex, Dr. Daud Pota Road, Near Cantt Station. Karachi recommended the following:

(i) Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 at Rs. Nil per shore i.e. Nil. %. This is in addition to Interim Dividend(s) already paid at Rs. Nil per shore i.e. Nil. %.

And/ Or

(ii) Bonus Shares

It has been recommended by the Board of Directors to issue Bonus Shares in proportion of Nil share(s) for every Nil share(s) held i.e. Nil %. This is in addition to the Interim Bonus Shares already issued @Nil %.

And/ Or

(iii) Right Shares

The Board has recommended to issue Nil % Right Shares at par / at a discount / premium of Rs. Nil per share in proportion of Nil share(s) for every lift share(s). The entitlement of Right Shares being declared simultaneously will be / will not be applicable on Bonus Shares as declared above.

And/ Or

(iv) Any Other Entitlement / Corporate Action

And/ Or

(v) Any Other Price-Sensitive Information

The financial results of the Company are enclosed.

The Annual General Meeting of the Company will be held on 28TH October, 2011 at 12:00 Noon at Registered Office Mouza Beirut, Main RCD Highway, Tehsil Hub, District Lasbela, Balochistan.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 21st October, 2011.

The Share Transfer Books of the Company will be closed from Friday 21st October 2011 to 28th October, 2011 (both days inclusive). Transfers received at the City Office 18/3, G/F, Mehran VIP Complex, Dr. Daud Pota Road, Near Cantt Station, Karachi at the close of business on 20th October, 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

 

Note

2011

2010

Rupees

Rupees

Rental income 13 4,548,053 6,255,214
Administrative expenses 14 (3,699,231) (4,532,821)
Finance cost 15  (159,848) (1,679)
 ——— ———
 (3,859,079)  (4,534,500)
Other income 16
 ———  ———
Profit before taxation  688,974 1,720,714
Taxation (429,805)  (580,522)
——— v
Profit after taxation 259,169 1,140,192
Earning per share
Basic and diluted 7  0.07  0.32

 

For more information, contact:
Latif Jute Mills Limited
City Office: 18/3, G/F,
Mehran VIP Complex II,
Dr. Dawood Pota Road,
Near cantt, Station, Karachi.
Tel: 35220383
Fax: 35623775
E-mail: bawanypk@gmail.com

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