Brothers Textile Mills Limited’s financial results for the annual accounts 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 30 09-2011 at 11:00 AM at 135-Upper Mall. Lahore, recommended the following:
(i) Cash Dividend
An Interim Cash Dividend for the year ended 33-06-2011 at Rs. Nil per share i.e. Nil%. This is in addition to Interim Dividend(s) already paid at Rs. Nil per share i.e. Nil %.
(ii) Bonus Shares
It has been recommended by the Board of Directors to issue Interim Bonus shares in proportion of Nil shares(s) for every Nil shares hold i.e., Nil % This is in addition to the Interim Bonus Shares already issued @ Nil %.
(iii) Right Shares
The Bard 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 Nil 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
(v) Any Other Price-Sensitive Information
The financial results of the company are as follows:-
Profit and Loss Account for the Year Ended June 30, 2 011
June 30, 2011
June 30, 210
|Cost of Sales||–||–|
|Other Operating expenses||–||–|
|Other Operating income / (Loss)||116,378,701||–|
|Loss before Taxation||(2,804,579)||(20,272,166)|
|Taxation – (assets)||–||(992,765)|
|Profit / (Loss) after Taxation||(2,804,579)||(21,264,931)|
|Basic Earnings Per Share||(0.27)||(2.17)|
The annual General Meeting of the Company will be held on 31-10-2011 at 11.30 at Lahore.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 24-10-201 1.
The Share Transfer Books of the Company will be closed from 25-10-2011 to 31-10-2011 (both days inclusive), Transfers received at the 135-Upper Mall, Lahore (Registered office of the Company) at the close of business on 24-10-2011 will be treated in time for thy purpose of above entitlement to the transferees.
For more information, contact:
Brothers Textile Mills Limited
Tel: 042-35757016, 042-35757013