Tag Archives: Allawasaya Textile and Finishing Mills Limited

Allawasaya Textile and Finishing Mills Limited’s financial results for the first quarter ended September 30, 2012

Karachi, October 30, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in its meeting held today October 25, 2012 at 4:00 p.m. at Vehari Road, Multan recommended the payment of Interim Cash Dividend/ Bonus shares for the First Quarter ended September 30, 2012 at the rate of Rs. Nil per share (Nil%).

The financial results of the Company are as follows:

September 30, 2012

September 30, 2011

Rupees

Rupees

Sales

471,321,561

530,370,937

Cost of goods sold

(423,160,455)

(501,022,705)

———–

———–

Gross Profit

48,161,106

29,348,232

Other Operating Income

35,658

40,445

———–

———–

48,196,764

29,388,677

Distribution cost-commission

(1,853,093)

(3,038,702)

Administrative Expenses

(10,981,042)

(9,212,969)

Other operating expenses

(1,974,686)

(472,907)

Finance Cost

(6,743,985)

(10,283,280)

———–

———–

(21,552,806)

(23,007,858)

———–

———–

Profit before Taxation

26,643,958

6,380,819

Provision for Taxation

(9,325,385)

(5,303,709)

———–

———–

Profit for the period

17,318,573

1,077,110

———–

———–

Earnings per share-basic and diluted

21.65

1.35

For more information, Contact:
Allawasaya Textile and Finishing Mills Limited
Allawasaya Square, Mumtazabad Industrial Area,
Vehari Road, Multan (Pakistan).
Phone: P.A.B.X. 92-61-4233624 – 3 Lines,
Fax: 92-61-6525202
E-mail: atm@allawasaya.com
Website: www.allawasaya.com

Allawasaya Textile and Finishing Mills Limited’s notice of annual general meeting to be held on 31-10-2012

Karachi, October 5, 2012 (PPI-OT): Please find enclosed herewith Notice of Annual General Meeting of the Company to be held at 3:30 P.M. on Wednesday 31st October 2012, at its registered office Allawasaya Square, Mumtazabad Industrial Area, Vehari Road, Multan.

Notice of Annual General Meeting

Notice is hereby given that the 55th Annual General Meeting of the Company will be held at 3:30 PM on Wednesday 31st October 2012 at its registered office, Allawasaya Square Mumtazabad Industrial Area, Vehari Road, Multan to transact the following business:

1. To confirm the Minutes of the Extra Ordinary General Meeting of the Company held on Thursday 3rd May2012.

2. To receive, consider and approve the Directors’ Report, Auditors’ Report and Audited Accounts of the Company for the year ended June 30, 2012.

3. To consider and approve the distribution of 102.50% Dividend (Rs. 10.25 per share) as recommended by the Board of Directors of the Company to its shareholders, out of the profit for the year ended June 30, 2012.

4. To appoint auditors for the year 2012-2013 till next Annual General Meeting of the Company and to fix their remuneration.

5. To transact any other business with the permission of the Chair.

Notes:

1. The Shares Transfer Books of the Company will remain closed from 25-10-20 12 to 31-10-2012 (both days inclusive).

2. Shares Transfers received at the Company’s Shares Registrar’s Office, M/s Hameed Majeed Associates (Pvt) Limited, H.M. House, 7-Bank Square, Lahore by the close of business on October 24, 2012 will be treated in time.

3. A member entitled to attend and vote at this meeting is entitled to appoint any other member as a proxy to attend, speak and vote instead of him/her. A proxy must be a member. Proxies duly stamped with Rs. 5/- revenue stamp, signed and witnessed, in order to be valid must be received at the Registered Office of the Company not later than 48 hours before the time of holding the meeting.

4. Any individual beneficial owners of CDC, entitled to attend and vote at this meeting must bring his/her CNIC or Passport to prove his/her identity and in case of proxy must enclose an attested copy of his/ her CNIC or Passport. Representatives of Corporate members should bring the usual documents required for such purpose.

5. Members are requested to submit an attested photocopy of their valid Computerized National Identity Cards (CNICs) as per SECP requirement, if not provided earlier and also communicate to the Company immediately of any change in their addresses.

For more information, contact:
Muhammad Ismail
Company Secretary
Allawasaya Textile and Finishing Mills Limited
Allawasaya Square, Mumtazabad Industrial Area,
Vehari Road, Multan (Pakistan).
Phone: P.A.B.X. 92-61-4233624 – 3 Lines,
Fax: 92-61-6525202
E-mail: atm@allawasaya.com
Website: www.allawasaya.com

Allawasaya Textile and Finishing Mills Limited’s financial results for the year ended June 30, 2012

Karachi, October 3, 2012 (PPI-OT): It is to inform you that the Board of Directors of the Company in its meeting held today the 2nd day of October 2012 at 3:30 PM at its registered office situated at Vehari Road, Multan recommended the payment of a Final Cash Dividend @ 102.50% (Rs. 10.25 per share) for the year ended June 30, 2012.

The financial results of the Company are as follows:

For the year ended

For the year ended

June 30, 2012

June 30, 2011

Rupee

Rupee

Sales

2,066,231,736

2,195,228,720

Cost of goods sold

(1,903,476,064)

(2,013,064,580)

————-

————-

Gross Profit

162,755,672

182,164,140

Other Operating Income

2,609,681

3,226,400

————-

————-

165,356,353

185,390,540

Distribution cost-commission

(6,586,048)

(7,607,098)

Administrative Expenses

(37,545,774)

(36,716,699)

Other operating expenses

(5,008,183)

(4,785,084)

Finance Cost

(51,592,076)

(59,821,339)

————-

————-

(100,732,081)

(108,930,220)

————-

————-

Profit before Taxation

64,633,272

76,460,320

Provision for Taxation

(23,056,131)

(43,962,998)

————-

————-

Profit for the year

41,577,141

32,497,322

Other comprehensive income for the year – net of tax

————-

————-

Total Other comprehensive income for the year – net of tax

41,577,141

32,497,322

————-

————-

Earning per share – basic and diluted

51.97

40.62

The Annual General Meeting of the Company will be held on Wednesday October 31, 2012 at 3:30 P.M. at its Registered Office. The above entitlement will be paid to the shareholders whose names will appear in the Registered of the Members as on 24-10-2012.

The Shares Transfer Books of the Company will be closed from 25-10-2012 to 31-10-2012 (both days inclusive). Transfer received at the Company’s Shares Registered office by the close of the business on 24-10-2012 will be treated in time for the purpose of above entitlement to the transfers.

For more information, contact:
Allawasaya Textile and Finishing Mills Limited
Allawasaya Square, Mumtazabad Industrial Area,
Vehari Road, Multan (Pakistan).
Phone: P.A.B.X. 92-61-4233624 – 3 Lines,
Fax: 92-61-6525202
E-mail: atm@allawasaya.com
Website: www.allawasaya.com