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Tuesday, June 18th, 2019

Paramount Spinning Mills Limited’s financial results for the Half Year ended 31 December 2011

Be First!

Karachi: We have to in inform you that the board of directors or the company in its meeting held on 29 February 2012 had approved the half yearly Accounts for the period ended 31 December 2011.

The Financial results are as follows.

 

Quarter Ended

Period Ended

 

October to December

July to December

 

(Rupees)

(Rupees)

 

2011

2010

2011

2010

         
Sales – Net 981,969,006 1,334,754,067 1,912,099,306 2,412,755,306
Cost of Sales 827,847,079 1,062,548,961 1,634,132,925 1,961,966,004
Gross Profit 154,121,927 272,205,106 277,966,381 450,789,302
Operating Expenses 40,190,131 51,425,893 97,294,753 108,163,419
Operating Profit 113,931,796 220,779,213 80,671,628 342,625,883
Financial and Other Charges 71,309,538 78,254,869 137,701,826 142,506,152
Other Income 137,409 1,620,933 202,632 2,461,330
Share of (Loss)/ Profit from Associates (6,018,750) 9,336,168 (5,541,653) 13,956,747
Profit/ (Loss) before tax 36,740,917 153,481,445 37,630,781 216,537,808
Provision for taxation – Net 23,727,570 31,356,739 12,542,082 40,429,788
Net Profit/ (Loss) for the period after        
Taxation 13,013,347 122,124,706 25,088,699 176,108,020
Earnings per share 0.75 7.04 1.45 10.15

We will be sending you 300 copies of the printed accounts of the Company for distribution amongst the members of your esteemed Exchange in due course of time.

For more information, Contact:

Paramount Spinning Mills Limited

2nd Floor Finlay House,

I.I. Chundrigar Road,

Karachi, (Pakistan)

Phones: (92-21) 32419943,

Fax: (92-21) 32411559

E-mail: khi@gulistangroup.com.pk

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