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Ayesha Textile Mills Limited’s financial results for the half year ended December 31, 2011

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Karachi: We have to inform you that the Board of Directors of our company in their Meeting held at 11:00 A.M. on (Wednesday) February 29, 2012 at 97-B Gulberg II, Lahore recommended the following:-

i) Cash Dividend

The Board did not declare any dividend.

ii) Bonus Issue

It has also been recommended by the Board of Directors to issue Bonus shares in the proportion of (Nil) shares for every (Nil) shares held. The Bonus shares will be entitled/ not entitled for the right shares.

iii) Right Shares

The Board has also recommended to issue (Nil) % Right Shares at part/at a premium of Rs. (Nil) per share in proportion of (Nil) share for every (Nil) shares.

The financial results of the Company are enclosed.

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

 

Quarter Ended

Half Year ended

31-Dec-11

Rupees in ‘000

Sales – net713,9781,553,236
Cost of sales(701,700)(1,499,653)
——-———
Gross (loss) / profit12,27853,583
Other operating income34637
Distribution cost(2,918)(5,778)
Administrative expenses(5,546)(11,134)
Other operating expenses
Finance cost(35,305)(61,177)
Share of (loss) / profit from associate(5,658)(4,245)
——-———
Loss) before taxation(37,115)(28,114)
Taxation(27,879)(36,299)
——-———
Loss for the period(64,994)(64,413)
——-———
Loss per share – basic and diluted(46.42)(46.01)

 

For more information, contact:
Ayesha Textile Mills Limited
97-B, Gulberg II, Lahore -54660 Pakistan
Phone: 92-42-35756707, 35756710, 35873702,
Fax: 92-42-35712151-35761378
E-Mail: aysshaexp@brain.net.pk
ayeshaexp@gmail.com
URL: www.ayeshagroup.com

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