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Tuesday, June 19th, 2018

Nadeem Textile Mills Limited’s financial results for the quarter ended 30th September, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their Meeting held on 27th October, 2011 at 9:30 a.m. at 801-804, 8th Floor, Lakson Square Building No. 3, Block-A, Sarwar Shaheed Road, Karachi, recommended the following:

i) Cash Dividend

An interim Cash Dividend for the quarter ended 30th September, 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 %.

And/ Or

ii) Bonus Issue

It has been recommended by the Board of Directors to issue Interim 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 Nil share. 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    Nil

And/ Or

v) Any Other Price-Sensitive Information        Nil

The financial results of the Company are as follows:

 

Sep-11

Sep-10

Rupees

Rupees

Sales – net  644,023,249  843,726,213
Cost of Sales 649,815,278  631,934,902
  ———–  ———–
Gross Profit (5,792,029)  211,791,311
Administrative expenses 8,177,506 7,346,234
Selling and Distribution expenses 5,405,857  9,126,817
 ———– ———–
13,583,363 16,473,051
———– ———–
Operating Profit / (loss)  (19,375,392) 195,318,260
Other income / (Loss) (136,783)  3,143,846
 ———– ———–
(19,512,175) 198,462,106
Financial cost  9,160,483  10,323,748
Workers Welfare Fund  – 666,661
Workers’ P.P. Fund  – 9,406,918
———–  ———–
 19,160,483  20,397,327
Profit/ (Loss) before taxation (38,672,658) 178,064,779
Taxation  Current 8,039,769 10,430,490
Deferred  3,920,168 (14,716,629)
 ———–  ———–
11,959,937 (4,286,139)
Profit/ (Loss) after Taxation  (50,632,595) 182,350,918
———– ———–
Earnings / (Loss) per share  (4.21) 15.18

 

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 20th October, 2011.

The Share Transfer Books of the Company will be closed from 21-10-2011 to 27-10-2011 (both days inclusive).  Transfers received at the Hameed Majeed Associates (Pvt.) Ltd, Karachi Chambers, Hasrat Mohani Road, Karachi, at the close of business on 20-10-2011 will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Nadeem Textile Mills Limited
801-804, 8th Floor,
Lakson Square Building No. 3,
Block-1, Sarwar Shaheed Road, Karachi
Phones: (92-21) 5220481 – 88,
Fax: (92-21)5220495-96
E-Mail: info@shadmangroup.com.pk

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