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The Shadman Cotton Mills Limited’s financial results for the year ended 30th June, 2012

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Karachi, December 24, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their Meeting held on 22nd December, 2012 at 5:00 P.m. recommended the following:

i) Cash Dividend

An final Cash Dividend for the year ended 30th June, 2012 @ Rs. Nil per share i.e. Nil%. This is in addition to Interim Dividend (s) already paid at Rs. Nil per share i.e. Nil%.

And/ Or

ii) Bonus Shares

It has been recommended by the Board of Directors to issue Interim Bonus Shares in proportion of Nil share (s) for every Nil Share (s) held i.e. Nil%. This is in addition to the Interim Bonus Shares already issued @ Nil%.

And/ Or

iii) Right Shares

The Board has recommended to issue Nil % Right Shares at par/at a discount/ premium of Rs. Nil per share in proportion of Nil share (s) for every Nil share. The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

iv) Any Other Entitlement/ Corporate Action           Nil

And/ Or

v) Any Other Price-Sensitive Information              Nil

The financial results of the Company are as follows:

June 30,

June 30,

2012

2011

Rupees

Rupees

Sales

4,281,832,449

5,445,986,182

Cost of Sales

(4,277,593,476)

(53,177,423,804)

————-

————–

Gross Profit

4,238,973

268,562,378

Distribution cost

(33,610,809)

(46,026,130)

Administrative expenses

(67,722,276)

(61,590,365)

Other operating income

9,238,233

11,914,635

Finance Cost

(181,112,606)

(204,795,866)

Other operating expenses

(184,222)

(386,967)

————-

————–

(273,391,680)

(300,884,693)

————-

————–

(Loss) before taxation

(269,152,707)

(32,322,315)

Taxation

(42,134,846)

(44,517,640)

————-

————–

(Loss) after taxation

(311,287,553)

(76,839,955)

————-

————–

Loss per share

(17.65)

(4.36)

The Annual General Meeting of the Company will be held on 22nd January, 2013 at 9:00 a.m. at Hotel Crown Inn, Plot No, 171, 0ff21 AM, Frere Road, Saddar, Karachi.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 15th January, 2013.

The Share Transfer Books of the Company will be closed from 16-01-2013 to 22-01-2012 (both days inclusive). Transfer received at the Technology Trade (Pvt.) Ltd., 241-C, Block – 2, P.E.C.H.S. Karachi, at the close of business on 15-01-2013 will be treated in time for the purpose of above entitlement to the transferees.

We will be sending you 300 copies of printed accounts for distribution amongst the member of the Exchange.

For more information, contact:
Shadman Cotton Mills Limited
801-804, 8th Floor,
Lakson Square Building No. 3,
Block – A, Sarwar Shaheed Road, Karachi.
Ph: (92-21) 35220481-88,
Fax: (92-21) 35220495-96
E-mail: info@nadeem.com.pk

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