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Financial Results

The Crescent 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 at 11:00 a.m. on Wednesday, October 05, 2011 at Faisalabad, recommended the following:

CASH DIVIDEND                     NIL

BONUS SHARES                      NIL

The financial results of the company for the year ended June 30, 2011 are as follows:

 

 

(Rupees in Thousand)

2011

2010

Sales 14,759,257 10,863,386
Cost of sales  (13,394,641)  (9,406,644)
 ———-  ———-
Gross profit 1,364,616  1,456,742
Distribution cost  (641,183) (470,413)
Administrative expenses  (202,898) (182,018)
Other operating expenses (40,874) (78,816)
———-  ———-
 (884,955)  (731,247)
 ———- ———-
479,661 725,495
Other operating income 179,043 184,167
 ———- ———-
Profit from operations 658,704 910,262
Finance cost (527,172)  (566,793)
Share of (loss)/profit of associate  (150,712) 120,022
———- ———-
(Loss)/profit before taxation   (19,180) 463,491
Provision for taxation (99,465)  118,821
———-  ———-
(Loss)/profit after taxation (118,645) 344,670
———-  ———-
Earnings per share – basic and diluted (2.41)  7.00
———- ———-
Dividend per share Nil 1.50
Bonus Share Nil Nil

 

The Annual General Meeting of the Company will be held at Registered Office, 40-A, Off: Zafar AU Road, Gulberg V, Lahore at 09:30 a.m. on Wednesday, October 31, 2011.

The Share Transfer Books of the company will be closed from October 22, 2011 to October 31, 2011 (both days inclusive). Transfers received at the Registered Office, 40-A, Off Zafar Ali Road, Gulberg-V, Lahore at the close of business on October 21, 2011 will be treated in time.

For more information, contact:
Naseer Ahmad
Corporate Secretary
The Crescent Textile Mills Limited
40-A, Off Zafar Ali Road, Gulberg-V,
Lahore – Pakistan.
Tel: +92-42-111-245-245
Fax: +92-42-111-222-245
Web: www.ctm.com.pk

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

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