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Wednesday, October 17th, 2018

Masood Textile Mills Limited’s financial results for the first quarter ended 30.09.2911

Be First!

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Friday, 28th October, 2011 at 11.00 a.m. recommended the following:

(i) Cash Dividend                                         (Nil)

And/ Or

(ii) Bonus Shares                                         (Nil)

And/ Or

(iii) Right Shares                                        (Nil)

And/ Or

(iv)Any Other Entitlement / Corporate Action

And/ Or

iv) Any Other Price-Sensitive Information                 (Nil)

 

The financial results of the Company are enclosed.

Condensed Interim Profit and Loss Account for the 1st Quarter Ended 30 September 2011 (Un-Audited)

 

30 Sep

30 Sep

2011

2010

(Rupees in Thousands)

Sales 4,725,524 3,416,490
Cost of sales (4,042,065) (2,822,550)
 ——— ———
Gross Profit  683,459 593,940
Distribution Cost  (201,465) (164,799)
Administrative Expenses  (76,162)  (58,409)
Other Operation Expenses  (8,046)  (12,457)
 ———  ———
 (285,673)  (235,665)
——— ———
397,786  358,275
Other Operating Income 8,381 2,305
——— ———
Profit from Operations 406,167  360,580
Finance Cost  (256,423)  (182,668)
  ———  ———
Profit before Taxation 149,744 177,912
Provision for Taxation  (45,403)  (35,769)
 ———  ———
Profit after Taxation 104,341 142,143
 ———   ———
Earnings per Share Basic (Rupees)  1.74 2.37
 ———  ———
Diluted (Rupees) 1.21  1.67

 

Statement under section 241 (2) of the Companies Ordinance, 1984

These financial informations have been signed by two directors instead of chief executive and one director as the chief executive is not for the time being in Pakistan.

For more information, contact:
Masood Textile Mills Limited
Regd. Office: Universal House,
West Canal Road, Farooqabad,
Faisalabad.
Phone: 8734910-12
Fax: 92-41-8731180

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