Bilal Fibres Limited’s financial results for the year ended 30-09-2011

Karachi: We have to inform you that Board of Directors of our company in their meeting held on 26-10 2011 at 10:00 am at 112-C, Block E/1, Ghalib Road, Gulberg III, Lahore have approved 1st Quarterly un-Audited Accounts for the period ended September 30, 2011.

Financial results of the company are as follows:-

 

For Quarter ended

For Quarter ended

Sep-11

Sep-10

Rupees

Rupees

Sales 357,870,074 398,524,728
Cost of Sales  (339,387,948) (345,687,905)
———–  ———–
Gross profit 18,482,126 52,836,823
Other Operating Income 1,472,710  1,597,924
Distribution Cost  (4,576,295) (4,526,131)
Administrative Expenses  (7,694,210) (7,273,321)
Other Operating Expenses
Finance Cost  (17,221,565)  (17,924,713)
———–  ———–
Profit / (Loss) before taxation   (9,537,234) 24,710,582
Provision for Taxation 10,476 (11,595,369)
———–  ———–
Loss for the year (9,526,758)  13,115,213
Loss per share (0.68) 0.93

 

Further Resolved that “no dividend is recommended for the quarter ended 30-09-2011 in view of losses incurred by the Company.

Corresponding figures have been reclassified / rearranged and regrouped wherever necessary for compliance, better understanding and presentation.

For more information, contact:
Rizwan Aslam
Company Secretary
Bilal Fibres Limited
112-C, Block E/1,
Ghalib Road, Gulberg- III,
Lahore- Pakistan
Ph: +92-42-35717701-6
Fax: +92-42-35717707
E-mail: info@bilalfibres.com
Website: www.bilalfibres.com

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