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Asim textile Mills Limited’s financial results for the 2nd quarter/half yearly accounts ended 31.12.2011

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Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 24th, February 2012 at 9:30 A.M. approved the following financial results:

 

Rupees in thousands

Rupees in thousand and

Half year ended

Quarter ended

Dec 31,2011

Dec 31,2010

Dec 31,2011

Dec31,2010

Sales-net477,009549,191256,471298,141
Cos of sales(480,266)(473,072)(252,148)(240,451)
Gross (loss)/profit(3,257)76,1196,32557,690
Operating expenses:
Selling 2nd distribution(233)
Administrative and general(5,896)(6,172)(2,931)(3,242)
Other expenses(4,856)(3,770)
Finance Cost(30)(60)(20)(33)
Other Operating income4,5687192,293217
(Loss)/profit before taxation(4,615)65,5175,66750,862
Taxation:
Current(4,816)(5,499)(2,631)(2,988)
Prior year316316
Deferred1,7411,833870916
(Loss)/profit after taxation(7,687)61,8673,90948,806
(Loss)/earning per share(0.51)4.080.263.22

 

The Extra Ordinary General Meeting of the company will be held on 31.03.2012 at 9.00 AM for election of Directors at Registered Office of the company JK House, 32-W, Susan Road, Madina Town, Faisalabad with book closure from 27.03.2012 to 02.04.2012 (both days inclusive). You are requested to grant us prior approval o EOGM.

For more information, contact:
Asim Textile Mills Limited
Mills: 32 K. M., Faisalabad,
Sheikhupura Road,
Tel: 041-4689336, 4689690-2
Fax: 041-4689693

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