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Financial Results

Jubilee Spinning and Weaving Mills Limited’s financial result for the period ended June 30, 2011

Karachi: We have to inform you that Board of Directors of Jubilee Spinning and Weaving Mills Limited (JUBS) in their meeting held at 11:30 am on Thursday October 06. 2011 have considered and approved Annual Accounts of the company for the period ended June 30, 2011.

The financial results of the company for the period ended June 30, 2011 are enclosed.

Jubilee Spinning and Weaving Mills Limited Profit and Loss Account For the year ended 30 June 2011

 

Note

2011

2010

Rupees

Rupees

Restated

SALES 25 783,739,078 703,589,181
COST OF SALES 26 (792,220,507) (665,908,503)
————- ————-
GROSS (LOSS)/PROFIT (8,481,429) 37,680,678
DISTRIBUTION COST 27 (2,030,197) (1,316,722)
ADMINISTRATIVE EXPENSES 28  (21,086,203) (23,905,112)
OTHER OPERATING EXPENSES 29 (3,660,782) (18,403,487)
 ————- ————
(26,777,182) (43,625,321)
————-  ————
 (35,258,611) (5,944,643)
OTHER OPERATING INCOME 30 10,081,506 12,410,031
————-  ————
(LOSS) / PROFIT FROM OPERATIONS (25,177,105) 6,465,388
FINANCE COST 31  (5,991,285) (9,429,658)
————-  ————
 (31,168,390) (2,964,270)
SHARE OF (LOSS) / PROFIT IN ASSOCIATED COMPANIES  (73,992,045)  32,402,253
————- ————
(LOSS) / PROFIT BEFORE TAXATION (105,160,435) 29,437,983
PROVISION FOR TAXATION 32  (8,603,295) (4,746,560)
————-  ————
(LOSS) / PROFIT AFTER TAXATION (113,763,730) 24,691,423
————- ————
(LOSS) / EARNINGS PER SHARE- BASIC AND

DILUTED (RUPEES)

33 (3.50) 0.76

 

The annexed notes form an integral part of these financial statemants.

For more information, contact:
Sh. Naseer Ahmad
Sr. Assistant Manager
Jubilee Spinning and Weaving Mills Limited
B-28, Manghopir Road,
S.I.T.E., Karachi-75700,
Pakistan
Tel: +9221 3257-9162
Fax: +9221 3257-9116

jubilee-spinning-and-weaving-mills-limited%e2%80%99s-financial-result-for-the-period-ended-june-30-2011

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