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Financial Results

Khurshid Spinning Mills Limited’s financial results for the year ended 30th June 2011

Karachi: We have to inform you that the board of Directors of our company in their meeting held at 03 P. M. on Saturday 8th October 2011, at 133-134, Regency The Mall Faisalabad recommended the following:

 

(1) Cash Dividend Nil
(2) Bonus Shares Nil
(3) Right Shares Nil

 

 

2011

2010

(Rupees in Thousand)

Sales 349,746  602,293
Cost of Sales  (409,871)  (587,130)
——- ——-
Gross Loss (60,125) (84,837)
Distribution Cost  (2,641)  (1,329)
Administrative Expenses (13,163)  (15,191)
——- ——-
(15,804)  (16,520)
——- ——-
(75,929)  (101,357)
Other Operating Income 1,364 6,759
——- ——-
Loss from Operations (74,565) (94,698)
Finance Cost (1,522) (5,553)
 ——-  ——-
Loss before Taxation  (76,087)  (100,151)
Provision for Taxation 16,760 41,900
——- ——-
Loss after Taxation  (59,327) (58,251)
——- ——-
Loss per share – basic and Diluted (rupees)  (4.50) (4.42)

 

(4) General Meeting

The annual General Meeting of the company will be held on 31st October 2011 at 09 A.M at 69-G, Gulberg III, Lahore.

(5) Book Closure

The share transfer books of the company will be closed from 26th October 2011 to 2nd November 2011 (both days inclusive).

For more information, contact:
Khurshid Spinning Mills Limited
Khurshid Spinning Mills, 133 Regency,
The Mall Faisalabad,
Pakistan
Tel: 0092-41-2610025 / 2610030
Fax: 0092-41-2610027

khurshid-spinning-mills-limited%e2%80%99s-financial-results-for-the-year-ended-30th-june-2011

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