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Azam Textile Mills Limited’s financial results for the 1st quarter ended September 30, 2011

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Karachi: The Board of Directors of Azam Textile Mills Limited (AZAMT) in their meeting held at 03:00 P.M on Saturday October 31, 2011 at 17-.Aziz Avenue, Canal Bank, Gulberg-V, Lahore the Registered Office of the Company have approved the following Un-Audited Financial Results of the Company for the 1st Quarter ended September 30, 2011.

 

(Unaudited)

Quarter

Quarter

Sep 30, 2011

Sep 30, 2011

Rupees

Rupees

Sales-Net258,154,003242,922,874
Cost of Goods Sold245,355,973206,806,681
 ———– ———–
Gross Profit 12,798,030 36,116,193
Distribution Cost 183,822313,547
Administrative Expenses5,557,810 6,006,895
Other Operating Expenses – –
Financial Cost 8,917,8403,519,092
 ———– ———–
 14,659,4129,839,534
 ———–———–
Profit/ (Loss) Before Taxation(1,861,442) 26,276,659
Provision for Taxation (2,581,539)(2,429,229)
———– ———–
Profit/ (Loss) after Taxation(4,442,981)23,847,430
 ———– ———–
Earnings per Share(0.33)1.80

 

For more information, contact:
Azam Textile Mills Limited
17 – Aziz Avenue,
Canal Bank, Gulberg – V,
Lahore- 54660, Pakistan.
Tel: 042-35715029-31
Fax: 042-35715015
Email: azamsaritow@saigols.com

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