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Tuesday, February 20th, 2018

Ideal Spinning Mills Limited’s financial results for the period ended 30 September, 2011

Be First!

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 04:00 p.m. on Oct 28, 2011 recommended the following:

Proposed Dividend         Nil
Right Share               Nil
Bonus Share               Nil

Financial Results of the Company are as follows:

 

30

30

September

September

2011

2010

(Rupees in thousands)

Sales  512,779 453,588
cost of Sales (495,814) (395,898)
——-  ——-
Gross Profit  16,965 57,690
Distribution Cost  (3,788)  (3,225)
Administrative Expenses: (10,718)  (8,927)
Other Operating Expenses  –  (1,773)
——-  ——-
 (14,506)  (13,925)
 ——-  ——-
 2,459  43, 765
Other Operating Income  – 10
——-  ——-
Profit from Operations 2,459 43,775
Finance Cost  (7,996)  (10,037)
——-  ——-
(Loss) / Profit before Taxation  (5,537) 33,738
Provision for Taxation  (5,115)  (4,536)
 ——- ——-
(Loss) / Profit after Taxation  (10,652) 29,202
 ——- ——-
(Loss) (Earnings per Share -Basic and Diluted (Rupees) (1.07) 2.94

 

Thanking you,

For more information, contact:
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833

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