Ref: JKSM/T-112/2024
Dated: 30.10.2024
THE GENERAL MANAGER
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
KARACHI.
FINANCIAL RESULTS FOR 1ST QUARTER 30.09.2024
Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on 30.10.2024 at 11:00 A.M. at head office of the company, 29-KM Sheikhupura Road, Drumman Wala More, Near Khurrianwala, Faisalabad, recommended the following:
- CASH DIVIDEND
An Interim Cash Dividend for 1st Quarter 30.09.2024at Rs. NIL per share i.e. NIL%. This is in addition to interim Dividend (s) already paid at Rs. Nil per share i.e. NIL %.
AND / OR
- BONUS SHARES
It has been recommended by the Board of Directors to issue Bonus Shares in the proportion of Nil share(s) for every Nil share(s) held i.e. NIL %. This is in addition to the Interim Bonus Shares already issued @ NIL%.
AND / OR
- RIGHT SHARES
The Board has recommended to issue NIL% Right Shares at par/at a discount/premium of Rs. NIL per share in proportion of NIL Share(s) for every NIL share(s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.
AND / OR
- ANY OTHER ENTITLEMENT/CORPORATE ACTIONN/A AND / OR
- ANY OTHER PRICE-SENSITIVEINFORMATIONN/A
Cont…… P/2
- : (2): - | ||
The financial results for the Company are as follows: | ||
1st Quarter | 1st Quarter | |
30 September, 2024 | 30 September, 2023 | |
(Rupees In Thousand) | (Rupees in Thousand) | |
Revenue from contracts with customers | 10,444,063 | 11,087,969 |
Cost of Sales | (9,067,187) | (9,577,171) |
Gross Profit | 1,376,876 | 1,510,798 |
Distribution cost | (348,635) | (246,751) |
Administrative expenses | (153,299) | (154,877) |
Other expenses | (23,409) | (32,951) |
(525,343) | (434,579) | |
851,533 | 1,076,219 | |
Other income | 89,375 | 16,524 |
Profit from operations | 940,908 | 1,092,743 |
Finance cost | (578,386) | (590,831) |
Profit before taxation and levy | 362,522 | 501,912 |
Levy | (157,339) | (144,006) |
Profit before taxation | 205,183 | 357,906 |
Taxation | - | - |
Profit After taxation | 205,183 | 357,906 |
Earnings Per Shares-Basic and Diluted (Rupees) | 2.01 | 3.50 |
The Quarterly Report of the company for the Quarter ended 30 September, 2024 will be transmitted through PUCARS separately, with in the specified time.
Thanking you.
Yours faithfully,
For: J.K. SPINNING MILLS LTD
SYED HUSSAIN SHAHID MANSOOR NAQVI
Company Secretary