|  | 

Financial Results

Tata Textile 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 Wednesday the September 7, 2011 at 12:15 P.M. at 8, 8th Floor Textile Plaza M.A. Jinnah Road Karachi recommended the following:

Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 at Rs. 3.00 per share i.e. 30%.

The Financial results of the Company for the year ended June 30, 2011 are as following.





Sales  5,198,073,214  3,783,988,659
Cost of goods sold (4,427,677,007)  (2,836,376,321)
 ————- ————-
Gross Profit 770,396,207 947,612,338
————- ————-
Distribution cost  (171,248,568) (146,124,741)
Administrative expenses (62,647,453) (58,718,350)
Other operating income (27,458,431)  (35,829,793)
Finance cost 39,384,808 14,756,383
 (182,375,096) (264,402,368)
————- ————-
 (404,344,740) (490,318,869)
————- ————-
Profit before taxation 366,051,467  457,293,469
Provision for taxation  (62,585,484) (16,692,768)
 ————-  ————-
Profit for the year 303,465,983 440,600,701
————-  ————-
Earnings per share – basic and diluted 17.52 25.13



The Annual General Meeting of the Company will be held on Monday the October 10, 2011 at 12:30 P.M.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 1st October 2011.

The Share transfer books of the Company will be dosed from the October 03, 2011 to October 10, 2011 (both days inclusive).  Transfers received at the Noble Computers Services (Pvt.) Ltd., 1st Floor, House of Habib Building (Siddiqsons Tower), 3- Jinnah Cooperative Housing Society, Main Shahrah-e-Faisal Karachi – 75360 at the close of business on October 2011 will be treated in time.


For more information, Contact:
Tata Textile Mills Limited
8,8th Floor,Textile Plaza,
M.A. Jinnah Road,
Tel: 021-32412955,021-32426761
Fax: 021-32417710
Email: www.tatatex.com




About Us

Yes, it is true that the Business Observer does what its name reveals, means covering the news from all the industries, which are putting their efforts into accelerating the economy of Pakistan. The website is the trustworthy business news website and its name is taken among those business websites of Pakistan.

Monthly Archives