Ahmed Hassan Textile Mills Limited’s financial results of the company for the year ended. 30.06.2011

Ahmed Hassan Textile Mills Limited’s financial results of the company for the year ended. 30.06.2011

Karachi: We are pleased to inform you that the Board of Directors of our Company, in their meeting held at 10:00 A.M., Thursday the 6th October, 2011, recommended the following.

Cash Dividend

A final cash dividend for the year ended 30.06.2011 @ Rs.1.25 per share i.e. 12.5%.

Financial Results

The Financial Results of the Company are enclosed.

The Annual General Meeting of the Company will be held at 10.00 A.M. on Monday 31st October 2011, at 46 – Hassan Parwana Colony, Multan.

Share Transfer Books of the Company will remain closed from 25.10.2011 to 31.10.2011 (both days inclusive).

Profit and Loss Account for the Year Ended June 30, 2011

 

2011

2010

Rupees

Rupees

Sales 3,991,815,274 3,311,019,662
Cost of Goods sold (3,409,318,660) (2,900,126,491)
 ————-  ————-
Gross profit 582,496,614 410,893,171
Other operating income 4,565,228 4,342,182
Profit on trading 1,834,320 9,083,798
 ————-  ————-
588,896,162  424,319,151
Distribution cost (136,513,923)  (111,597,898)
Administrative expenses (27,231,347)  (24,153,472)
Other operating expenses (12,493,362) (4,174,800)
Finance cost  (176,763,159) (226,557,855)
 ————- ————-
Profit before taxation  235,894,371 57,835,126
Provision for taxation (63,677,016)  877,352
 ————- ————-
Profit after taxation 172,217,295 58,712,478
Other comprehensive income for the year- net of tax
————- ————-
Total comprehensive incomes for the year – net of tax 172,217,295 58,712,478
————- ————-
Earnings per share-basic and diluted 11.95 4.07

 

For more information, contact:
Ahmed Hassan Textile Mills Limited
46-Hassan Parwana Colony,
Multan 60000
Pakistan.
Tel: +92-61-4512933, 92-61-4512362
Fax: +92-61-4512361
Emails: haris@ahtml.com.pk
Web site: http://www.ahtml.com.pk

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