Safa Textiles Limited’s financial results for the half-year ended on December 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Thursday, the 9th February, 2012 at 10:30 a.m. at Registered Office of the Company, Plot No. 26 and 26/1, Sector 12-D, North Karachi Industrial Area, Karachi have dispatched and approved the financial results of the Company for the half year ended on December 31, 2011.

The operating results of the company are as follows:

 

December 31, December 31,
2011 2010
(Rupees ‘000) (Rupees ‘000)
Sales 230,029 349,175
Cost of Goods sold (187,945) (215,939)
Gross Profit 42,076 33,236
Operating Expenses (30,995) (21,598)
Net Profit 740 2,267
Unappropriated Profit B/F 9,663 8,050
Unappropriated Profit C/F 10,403 10,317
Earnings per share 0.19 0.57

 

A complete profit and loss statement for the half year ended December 31, 2011 is attached.

We will be sending you 300 copies of printed accounts for the distribution amongst your members.

Condensed Interim Profit and Loss Account (Unaudited) for the Half Year Ended December 31, 2011

 

For the Half Year Ended For the Quarter Ended
December 31, December 31, December 31, December 31,
Rupees
Sales 230,020,215 249,174,873 100,695,221 129,402,312
Cost of sales (187,944,598) (215,988,977) (81,383,475) (112,222,037)
———– ———– ———– ———–
Gross Profit 42,075,617 33,235,896 19,331,746 17,180,275
Operating Expenses
Administrative expense 22,643,161 13,799,382 10,728,883 6,011,439
Distribution cost 8,352,241 7,799,283 2,680,564 4,162,352
———– ———– ———– ———–
30,995,402 21,598,685 13,389,247 10,173,791
———– ———– ———– ———–
Operating Profit 11,080,215 11,637,231 5,942,499 7,006,484
Other income (100,296) 263,781 (50,410) 2,331
———– ———– ———– ———–
10,979,919 11,901,012 5,892,089 7,008,815
Finance cost (7,977,593) (7,140,539) (4,323,511) (4,157,192)
———– ———– ———– ———–
Profit before taxation 3,002,326 4,766,473 1,568,578 2,851,623
Taxation (2,262,158) (2,493,686) (982,527) (1,199,570)
———– ———– ———– ———–
Profit after taxation 740,168 2,266,787 586,051 1,652,053
Unappropriated profit b/f 9,663,167 8,050,103 9,617,284 8,664,837
———– ———– ———– ———–
Unappropriated profit c/f 10,403,335 10,316,890 10,403,335 10,316,890
———– ———– ———– ———–
Earnings per share – basic and diluted 0.19 0.57 0.15 0.41

 

For more information, Contact:
Safe Textiles Limited
20, Sasi Towers House,
Civil Lines, Abdullah Haroon Road,
Karachi-213, Pakistan
Tel: +92-21-35653261
Fax: 5215103

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