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Tuesday, September 18th, 2018

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

Be First!

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on October 28, 2011 at 11.30 AM at 44 E/1 Gulberg III Lahore recommended the following:

Cash Dividend                               Nil
Bonus Shares                                Nil
Right Shares                                Nil
Any Other Entitlement / Corporate Action    Nil
Any Other Price – Sensitive Information     Nil

The following are the financial results for the 1st Quarter ended on September 30, 2011.

 

1st Quarter

1st Quarter

Ended Sept

Ended Sept

30, 2011

30, 2010

Rupees

Sales – Net  1,157,993,584 1,158,041,003
Cost of Goods Sold 1,042,697,396 960,029,153
 ————–  ————–
Gross Profit  115,296,188  198,011,850
Other Operating Income  –  –
Distribution Cost 14,073,372 11,739,697
Administrative Expenses  18,472,277  15,601,368
Other Operating Expenses 1,172,652 7,210,498
Finance Cost  65,755,588 67,663,673
————–  ————–
99,473,889 102,215,236
Profit from Operations 15,822,300 95,796,614
Share of Profit of Hira Terry Mills Ltd 7,429,305 9,023,584
Profit / (Loss) before Tax 23,251,605 104,820,198
Provision for Taxation 11,381,638 9,904,979
————– ————–
Profit (Loss) after Tax 11,869,967 94,915,219
 ————– ————–
Earnings Per Share – Basic and Diluted  0.17 1.33

 

For more information, contact:
Saeed Ahmed Khan
Company Secretary
Hira Textile Mills Limited
44-E/1, Gulberg-III
Lahore-54660, Pakistan
Tel: (+92-42) 3571 4191-4
Fax: (+92-42) 3571 0048
E-mail: hira@hiramills.com.pk
Website: www.hiramills.com.pk
Website: www.hiratex.com.pk

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