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Thursday, April 26th, 2018

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

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Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on Wednesday October 05, 2011 at 4.00 p.m. recommended the following:

(1) CASH DIVIDEND

Final cash dividend for the year ended 30.06.2011 @ NIL

The financial results of the Company for the year ended June 30, 2011 are as follows.

 

For the

For the

Year ended

Year ended

2011

2010

(Rupees in Thousand)

SALES
COST OF SALES 41,226 22,985
—— ——
GROSS (LOSS)  (41,226) (22,985)
OPERATING EXPENSES:
(Administration and Selling and distribution cost) 5,479 7,894
—— ——
OPERATING (LOSS)  (46,705)  (30,879)
FINANCIAL AND OTHER OPERATING EXPENSES 3 11
 ——  ——
 (46,705)  (30,890)
OTHER OPERATING INCOME 2,138 299
 —— ——
NET PROFIT BEFORE TAXATION  (44,570) (30,591)
TAXATION:
Current  –   –
Deferred
——  ——
 –
 —— ——
NET PROFIT AFTER TAXATION (44,570) (30,591)
——  ——
NET (LOSS)/EARNING PER SHARE (2.72) (1.87)

 

The Annual General Meeting of the Company will be held on Friday, October 28, 2011 at 6:00 p.m.

The Shares Transfer Book of the Company will remain closed from Friday, 21st October 2011 to Friday 28th October 2011.

For more information, contact:
Globe Textile Mills Limited
105, Ibrahim Trade Tower,
Shahrah-e-Faisal, Karachi,
Pakistan.
Tel: 34327534
Fax: 3437536
Email: info@globeoe.com

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