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Safa Textiles Limited’s financial results for the half-year ended on December 31, 2011

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by February 9, 2012 General

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Thursday, the 9th February, 2012 at 10:30 a.m. at Registered Office of the Company, Plot No. 26 and 26/1, Sector 12-D, North Karachi Industrial Area, Karachi have dispatched and approved the financial results of the Company for the half year ended on December 31, 2011.

The operating results of the company are as follows:

 

December 31,December 31,
20112010
(Rupees ‘000)(Rupees ‘000)
Sales230,029349,175
Cost of Goods sold(187,945)(215,939)
Gross Profit42,07633,236
Operating Expenses(30,995)(21,598)
Net Profit7402,267
Unappropriated Profit B/F9,6638,050
Unappropriated Profit C/F10,40310,317
Earnings per share0.190.57

 

A complete profit and loss statement for the half year ended December 31, 2011 is attached.

We will be sending you 300 copies of printed accounts for the distribution amongst your members.

Condensed Interim Profit and Loss Account (Unaudited) for the Half Year Ended December 31, 2011

 

For the Half Year EndedFor the Quarter Ended
December 31,December 31,December 31,December 31,
Rupees
Sales230,020,215249,174,873100,695,221129,402,312
Cost of sales(187,944,598)(215,988,977)(81,383,475)(112,222,037)
———–———–———–———–
Gross Profit42,075,61733,235,89619,331,74617,180,275
Operating Expenses
Administrative expense22,643,16113,799,38210,728,8836,011,439
Distribution cost8,352,2417,799,2832,680,5644,162,352
———–———–———–———–
30,995,40221,598,68513,389,24710,173,791
———–———–———–———–
Operating Profit11,080,21511,637,2315,942,4997,006,484
Other income(100,296)263,781(50,410)2,331
———–———–———–———–
10,979,91911,901,0125,892,0897,008,815
Finance cost(7,977,593)(7,140,539)(4,323,511)(4,157,192)
———–———–———–———–
Profit before taxation3,002,3264,766,4731,568,5782,851,623
Taxation(2,262,158)(2,493,686)(982,527)(1,199,570)
———–———–———–———–
Profit after taxation740,1682,266,787586,0511,652,053
Unappropriated profit b/f9,663,1678,050,1039,617,2848,664,837
———–———–———–———–
Unappropriated profit c/f10,403,33510,316,89010,403,33510,316,890
———–———–———–———–
Earnings per share – basic and diluted0.190.570.150.41

 

For more information, Contact:
Safe Textiles Limited
20, Sasi Towers House,
Civil Lines, Abdullah Haroon Road,
Karachi-213, Pakistan
Tel: +92-21-35653261
Fax: 5215103

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