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Category Archives: Financial Results

Elahi Cotton Mills Limited’s financial results for the year ended June 30, 2013

Karachi, September 26, 2013 (PPI-OT): We have to inform you that the Board of Directors of the Company in their meeting held on September 26, 2013 at 10:30 a.m. at 270-Sector I-9, Industrial Area, Islamabad recommended the following:
(i) Cash Dividend

The post Elahi Cotton Mills Limited’s financial results for the year ended June 30, 2013 appeared first on AsiaNet-Pakistan.

Allawasaya Textile and Finishing Mills Limited’s financial results for the year ended June 30, 2013

Karachi, September 26, 2013 (PPI-OT): It is to inform you that the Board of Directors of the Company in its meeting held today 26th September 2013 at 11:30 A.M. at its registered office situated at Vehari Road, Multan recommended the payment of a final Cash Dividend @ 202.40% (Rs. 20.25 per share) for the year ended June 30, 2013. The financial results of the Company are as follows: For the Year ended For the Year ended June 30, 2013 June 30, 2012 Rupees Rupees Sales 2,038,914,882 2,066,231,736 Cost of goods sold (1,820,064,797) (1,903,476,064) ————- ————- Gross Profit 218,850,035 162,755,672 Other Income 395,655 2,609,681 ————- ————- 219,245,740 165,365,353 Distribution cost-commission (8,231,473) (6,586,048) Administrative Expenses (53,920,895) (37,545,774) Other operating expenses (9,473,598) (5,008,183) Finance Cost (26,153,313) (51,592,076) ————- ————- (97,779,279) (100,732,081) ————- ————- Profit before Taxation 121,466,461 64,633,272 Provision for Taxation (34,272,095) (23,056,131) ————- ————- Profit for the year 87,194,366 41,577,141 Other Comprehensive Income – – ————- ————- Total Comprehensive income for the year 87,194,366 41,577,141 ————- ————- Earnings per share-basic and diluted 108.99 51.97 ————- ————- The Annual General Meeting of the Company will be held on Thursday October 31, 2013 at 3:30 P.M. at the Registered Office. The above entitlement will be paid to the shareholders whose name will appear in the Register of the Members as on 24-10-2013. The Shares Transfer Books of the Company will be close from 25-10-2013 to 31-10-2013 (both days inclusive). Transfers received at the Company’s Shares Registrar’s office by the close of the business on 24-10-2013 will be treated in time for the purpose of above entitlement to the transferees. We will be sending 300 copies of printed Accounts to KSE, 100 to LSE and 50 to ISE for distribution amongst the members of the Exchange. For more information, contact: Company Secretary Allawasaya Textile and Finishing Mills Limited Allawasaya Square, Mumtazabad Industrial Area, Vehari Road, Multan (Pakistan). Phone: P.A.B.X. 92-61-4233624 – 3 Lines, Fax: 92-61-6525202 E-mail: atm@allawasaya.com Website: www.allawasaya.com

The post Allawasaya Textile and Finishing Mills Limited’s financial results for the year ended June 30, 2013 appeared first on AsiaNet-Pakistan.

Nagina Cotton Mills Limited’s financial results for the year ended June 30, 2013

Karachi, September 26, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held today September 26, 2013 at 12:00 noon at Lahore, recommended the following:
(i) Cash Dividend
Final Cash dividend for the year…

The post Nagina Cotton Mills Limited’s financial results for the year ended June 30, 2013 appeared first on AsiaNet-Pakistan.

Pakistan Synthetics Limited’s financial results for the year ended 30 June 2013

Karachi, September 25, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company, in their meeting held on Wednesday, 25 September 2013, at 12 noon, has considered and approved the audited financial statements for the year ended J…

The post Pakistan Synthetics Limited’s financial results for the year ended 30 June 2013 appeared first on AsiaNet-Pakistan.

Karam Ceramics Limited’s financial results for the year ended June 30, 2013

Karachi, September 25, 2013 (PPI-OT): We wish to inform you that the Board of Directors of Karam Ceramics Limited (KCL) in its Meeting held on Tuesday, September 25, 2013 at 10.00 a.m. at Registered Office Karachi, has approved the audited accounts of the Company for the year ended June 30, 2013, and recommended the following: 1. Cash Dividend Nil 2. Bonus Shares Nil 3. Right Shares Nil Financial Results: Summary of the financial results are enclosed as Annexure “A”. The Financial Results of the company are as follows: Year Ended June 30, 2013 June 30, 2012 Rupees Rupees Sales-net 1,156,074,834 1,187,312,837 Cost of Sales (1,042,431,341) (1,080,580,614) ————- ————- Gross Profit 113,643,493 106,732,223 Selling and distribution expenses (39,859,878) (42,574,366) General and administrative expenses (18,119,705) (16,171,446) ————- ————- (57,979,583) (58,745,812) Other operating charges (3,994,754) (1,611,900) Finance Cost (34,496,564) (43,256,355) ————- ————- (38,490,318) (44,868,255) Other operating income 234,947 317,308 ————- ————- Profit before taxation 17,408,539 3,435,464 Taxation (13,042,491) (2,767,935) ————- ————- Profit after taxation 4,366,048 667,529 ————- ————- Earnings per share 0.30 0.05 ————- ————- The share transfer books of the Company will be closed from October 19, 2013 to October 28, 2013 (both days inclusive). Transfers received in order at the office of Company’s Share Registrars. M/s THK Associates (Pvt) Limited, at the close of business on October 18, 2013 will be treated in time for the transferees the purpose of above entitlement to the transferees. We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time. Re: Annual General Meeting/ Book Closure We wish to inform you that the Annual General meeting of the Company will be held on Saturday 26th October 2013 at 5:00 p.m. at the Registered Office of the company. The share transfer book of the company will remain closed from 19th October 2013 to 26th October 2013 (both days inclusive). For more information, contact: Manzoor Ali Natha Company Secretary Karam Ceramics Limited BC-6, Block-5, Scheme No. 5, Kehkashan, Clifton. Karachi – Pakistan. Head Office Phone: (92-21) 35865561-64 Fax: (92-21) 35865571 E-mail: karam@cyber.net.pk Website: www.karamceramics.com

The post Karam Ceramics Limited’s financial results for the year ended June 30, 2013 appeared first on AsiaNet-Pakistan.

Netsol Technologies Limited’s financial results for the year ended 30-06-2013

Karachi, September 09, 2013 (PPI-OT): This is to inform you that the Board of Directors of our company in their meeting held on September 06, 2013 at 04:00 p.m approved the following financial results of the company for the year ended June 30, 2013. Financial Results of Netsol Technologies Limited (NETSOL) For the Year ended 30-06-2013 30-06-2012 Rupees in ‘000′ Revenue 2,632,779 2,189,855 Cost of revenue (1,087,480) (833,842) ———- ——— Gross profit 1,545,299 1,356,013 Selling and promotion expenses (120,317) (136,752) Administrative expenses (415,068) (341,773) Other operating expenses (23,892) (19,162) Other income 185,137 81,413 ———- ——— Operating profit 1,171,159 939,739 Finance cost (8,847) (14,677) ———- ——— Profit before taxation 1,162,312 925,062 Taxation Current year (2,706) (2,062) Prior year – (1,576) ———- ——— (2,706) (3,638) ———- ——— Profit after taxation for the year 1,159,606 921,424 ———- ——— Earnings per Share Basic – in Rupees 14.86 11.83 ———- ——— Diluted –in Rupees 14.73 11.83 ———- ——— Consolidated Financial Result of Netsol Group For the Year ended 30-06-2013 30-06-2012 Rupees in ‘000’ Revenue 2,997,140 2,499,655 Cost of revenue (1,322,617) (1,031,672) ———- ——— Gross profit 1,674,523 1,467,984 Selling and promotion expenses (120,317) (136,752) Administrative expenses (421,307) (347,806) Other operating expenses (26,001) (21,891) Other income 134,444 45,072 ———- ——— Operating profit 1,240,842 1,006,607 Finance cost (9,194) (13,873) ———- ——— Profit before taxation 1,231,648 992,734 Taxation Current year (2,822) (2,358) Prior year (31) (1,698) ———- ——— (2,853) (4,056) ———- ——— Profit after taxation for the year 1,228,795 988,678 ———- ——— Attributable to: Equity holders of parent 1,174,962 939,688 Non-controlling interest 53,833 48,990 ———- ——— 1,228,795 988,678 ———- ——— Cash Dividend, Bonus Shares, Right Shares and Other Entitlement: The Board of Directors has recommended a final Cash Dividend of 10% i.e., Rs. 1/- per share. In addition to it, the Board has also recommended a 10% Bonus share issue i.e., 01 shares for every 10 shares held by the members. The above entitlement will be paid to the shareholders whose names will appear in the Register of Members at the closure of business on 14-10-2013. The Share Transfer Books of the Company will remain closed from 15-10-2013 to 21-10-2013. Transfers received at M/s Vision Consulting Ltd, 3-C, LDA Flats, Lawrence Road, Lahore. (Tel: + 92 42 36375531, 36375339 Fax: + 92 42 36312550) at the close of business on 14-10-2013 will be treated in time for the purpose of above entitlement. The Annual General Meeting of the Company will be held on Monday October 21, 2013 at 11:00 A.M. at Royal Palm Golf and Country Club, 52-Canal Bank Road, Lahore. We will be sending you 300 copies or printed accounts for distribution amongst the members of the Exchange 21 days before the date or AGM. Additionally, the financial statements shall also be emailed to the Exchange at aqfs@kse.com.pk in Portable Document Format (PDF) to enable the Exchange to place the same on its website. Certificate Regarding Availability of Free Reserves This is with reference to your office Letter No. Nil dated September 05, 2013 on the subject cited above. We have examined the accounts of the NetSol Technologies Limited as on June 30th 2013 and hereby certify that the free reserves of the company calculated in the manner as specified in clause (iii) of Rule 6 of the Companies (Issue of Capital) Rules, 1996 after proposed issue of ten percent (10%) bonus shares are not less than twenty five percent (25%) of the increased capital. For more information, contact: Kabani and Company Chartered Accountants NetSol Technologies Limited 43/1/Q, Amna Village 1, Block –6, PECHS, Karachi Tel: (92 21) 111-838-785 Fax: (92-21) 34313464 Email: info@netsolteach.com Website: www.netsoltehc.com

The post Netsol Technologies Limited’s financial results for the year ended 30-06-2013 appeared first on AsiaNet-Pakistan.

Gulistan Textile Mills Limited’s financial results for the half year ended December 31, 2012

Karachi, September 09, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Friday, September 06, 2013 at 05:00 P.M. at the Lahore Office of the Company at 2nd Floor, Garden Heights, 8-Aibak Block, Ne…

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