Business
Hira Textile Mills : Financial Results 30th September 2024
Hira Textile Mills : Financial Results 30th September
About this update from Hira Textile Mills Limited
[{"type":"text","content":"March 26, 2025\n The General Manager\n Pakistan Stock Exchange Limited Stock Exchange Building\n Stock Exchange Road Karachi\n Dear Sir,\n FINANCIAL RESULTS FOR THE 1ST QUARTER ENDED SEPT 30, 2024\n We would like to inform you that the Board of Directors of Hira Textile Mills Limited (\"the Company\") in their meeting held on March 26, 2025 at 10:00 a.m. at Lahore, reviewed and approved the unaudited financial results of the Company for the period ended on Sept 30, 2024, and recommended the following:(i)\n CASH DIVIDEND\n NIL\n (ii)\n BONUS SHARES\n NIL\n (iii)\n RIGHT SHARES\n NIL\n (iv)\n ANY OTHER ENTITLEMENT / CORPORATE ACTION\n NIL\n (v)\n ANY OTHER PRICE-SENSITIVE INFORMATION\n 1st quarter financial results are attached as\n Annexure \"A\"Yours truly,\n For on behalf of Hira Textile Mills Limited\n Muhammad Hassnain Seed Sohbin Company Secretary\n STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2024\n EQUITY AND LIABILITIES\n SHARE CAPITAL AND RESERVES\n Authorized share capital\n Un-Audited 30-Sep-24\n Audited 30-Jun-24\n Rupees\n Rupees\n 870,000,000\n 870,000,000\n Issued share capital Share premium Revaluation reserve Accumulated losses Loan from sponsors\n 865,779,200 865,779,200\n 82,500,000 82,500,000\n 1,104,365,827 (3,170,887,670)\n 1,109,740,199 (3,116,936,020)\n 481,500,000\n 481,500,000\n TOTAL EQUITY\n LIABILITIES\n NON-CURRENT LIABILITIES\n Long term finances\n Lease liabilities\n Employees retirement benefits Deferred interest\n Deferred taxation\n CURRENT LIABILITIES\n Trade and other payables Unclaimed dividend Short term borrowings Accrued interest/profit\n Current portion of non-current liabilities\n (636,742,643)1,933,665,392\n 1,624,756,758(577,416,621)1,933,665,391\n 1,591,728,635TOTAL LIABILITIES\n CONTINGENCIES AND COMMITMENTS\n 3,558,422,150\n 4\n TOTAL EQUITY AND LIABILITIES\n 2,921,679,507\n (577,416,617)\n STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2024\n ASSETS\n NON-CURRENT ASSETS\n Property, plant and equipment Right-of-use assets Investment in associate Long term deposits\n CURRENT ASSETS\n Stores and spares Stock in trade Trade receivables\n Advances and other receivables\n Advance income tax/income tax refundable Cash and bank balances\n Un-Audited 30-Sep-24\n Rupees2,855,780,777Audited 30-Jun-24\n Rupees2,881,870,395\n 66,107,010TOTAL ASSETS\n 2,921,679,507\n 2,947,977,405\n ST...