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Board Meetings Financial Results

Babri Cotton Mills Limited’s Financial Results for the Year Ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on 2nd October, 2011 at 10:00 a.m. at Gammon House, Peshawar Road, Rawalpindi recommended the following:

(1) Cash Dividend: Nil

(2) Bonus Shares: Nil

(3) Right Shares: Nil

(4) Any Other Entitlement/Corporate Action: None

(5) Any Other Price-Sensitive Information: None

The financial results of the Company are attached as Annexure- A.

Profit and loss account for the Year Ended 30 June, 2011

  2011 2010
  (Rupees in thousand)
Sales 1,705,170 1,195,591
Cost of Sales 1,505,537 920,569
  ——— ———
Gross Profit 199,633 275,022
Distribution Cost 5,103 2,615
Administrative Expenses 40,911 27,236
Other Operating Expenses 13,052 13,982
Other Operating Income (3,253) (3,148)
  ——— ———
55,813 40,685  
  ——— ———
Profit from Operations 143,820 234,337
Finance Costs 22,696 98,774
  ——— ———
121,124 135,563  
Share of Profit of an Associated Company 10,836 7,526
Impairment Loss on Investment in an Associated Company reversed 0 11,808
  ——— ———
10,836 19,334  
  ——— ———
Profit before Taxation 131,960 154,897
Taxation    
– Current 17,077 5,978
– Prior year (1,101) 1,101
– Deferred (6,587) 45,475
  ——— ———
  9,389 52,554
  ——— ———
Profit after Taxation 122,571 102,343
Other Comprehensive Income 0 0
  ——— ———
Total Comprehensive Income 122,571 102,343
  ——— ———
Rupees    
Earnings per share – restated 35.24 30.73

For more information, contact:
Babri Cotton Mills Limited
Habibabad, Kohat (Khyber Pakhtunkhwa) Pakistan
Phone: 0922- 516315
Fax: 0922-516335
Website: www.bcm.com.pk
E-mail: info@bcm.com.pk

babri-cotton-mills-limited%e2%80%99s-financial-results-for-the-year-ended-june-30-2011

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