International Knitwear Limited’s financial results for the year ended June 30, 2011

International Knitwear Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of your Company in their meeting held at 04:00 P.M on Friday October 07, 2011 at 9th floor, N.I.C Building, Abbasi Shaheed Road, Karachi have recommended the following:

1. Cash Dividend             Nil

2. Bonus Shares              Nil.

3. Right Shares              Nil

4. Any Other Information Nil

5. The financial results of the Company are as follows.

 

30-Jun-2011  30-Jun-2010
 Rupees  Rupees
Sales (Net)  134,539,702 144,087,304
Cost of Sales  (132,923,420) (128,589,767)
 ———–  ———–
Gross Profit 1,616,282 15,497,537
Administrative and Selling Expenses (8,815,172) (7,240,073)
 ———– ———–
Operating (Loss)/ Profit (7,198,890) 8,257,464
Other Income 537,777 616,123
 ———– ———–
(6,661,113)  8,873,587
 ———– ———–
Finance costs (3,487,116)  (1,584,808)
Other charges  (107,632) (517,000)
 ———–  ———–
 (3,594,748) (2,101,808)
 ———– ———–
(Loss)/Profit before taxation (10,255,851) 5,771,779
Taxation  (919,762) (911,000)
———– ———–
(Loss) / Profit after taxation (11,175,623) 5,860,779
———– ———–
(Loss)/ earnings per share-basic and diluted. (3.47) 1.82

 

For more information, contact:
Javed Khan
Chief financial Officer / Company Secretary
International Knitwear Limited
F – 2A/L, S.I.T.E.
Karachi – 75730
Pakistan.
Tel: 2574302 – 04
Fax: 021- 2564414
E-mail: contact@internationalknitwear.com
Website: www.internationalknitwear.com

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