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Tuesday, January 16th, 2018

Artistic Denim Mills Limited’s financial results for the half-year ended December 31, 2011

Be First!

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at Registered Office on Saturday, February 25, 2012 at 1530 hrs recommended following:

Dividend / Bonus

Nil

The financial results of the Company are enclosed as Annexure ‘A’.

We will be sending you 300 copies of printed accounts for distribution amongst the members. Thank you.

Annexure – A

Condensed Interim Profit and Loss Account for the Half Year Ended December 31, 2011 (Un-Audited)

 

Half-Year Ended

Quarter Ended

December 31,

December 31,

December 31,

December 31,

Note

2011

2010

2011

2010

Rs in ‘000

Rs in ‘000

Net Sales 2,437,963 2,109,518 1,317,198 1,250,615
Cost of sales (2,064,160) (1,768,920) (1,118,004) (1,091,339)
——— ——— ——— ———
Gross Profit 373,803 340,598 199,194 159,276
Distribution costs (28,607) (69,263) (8,822) (36,805)
Administrative expenses (27,833) (27,071) (12,708) (12,620)
Other operating expenses (37,426) (12,779) (28,613) (8,415)
Other operating income 12 18,369 12,423 9,445 8,786
——— ——— ——— ———
(75,497) (96,690) (40,698) (49,054)
——— ——— ———        ———
Operating Profit 298,306 243,908 158,496 110,222
Finance costs (71,988) (104,832) (31,630) (55,210)
——— ——— ——— ———
Profit before Taxation 226,318 139,076 126,856 55,012
Taxation (25,251) (21,908) (13,701) (13,069)
——— ——— ——— ———
Net Profit for the Period 201,067 117,168 113,165 41,943
——— ——— ——— ———
Basic and Diluted Earnings

per Share (Rupees)

2.39 1.39 1.35 0.60

 

For more information, Contact:
Artistic Denim Mills Limited
Plot #. 5-9 & 23-26, Sector 16,
Korangi Industrial Area,
Karachi, Pakistan.
Tel: (92-21) 111-236-236
Fax: (92-21) 505 4652
Web: www.admdenjm.com

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