Ref: JKSM/T-086/2023 | Dated: 25-09-2023 |
The General Manager
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
Karachi.
FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2023
Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on September 25, 2023 at 11:00 A.M. at head office of the Company, 29-K.M, Sheikhupura Road, Khurrianwala, Faisalabad, recommended the following:
Dividend: | Nil |
Right Issue: | Nil |
Bonus Shares: | Nil |
Financial Results:
The financial results of the Company are attached as Annexure-A.
Annual General Meeting:
The Annual General Meeting of the Company will be held on October 27, 2023 at 11:00 A.M. at the head office of the Company, 29-K.M, Sheikhupura Road, Khurrianwala, Faisalabad,
Book Closure Dates:
The Share Transfer Books of the Company will be closed from October 20, 2023 to October 27, 2023 (both days inclusive). Transfer received at the share registrar office M/s Corptec Associates (Pvt.) Ltd., 503- E, Johar Town, Lahore at the close of business hour on October 19, 2023 will be treated in time for the purpose of transfer of shares and entitlement.
The Annual Report of the Company will be transmitted through PUCARS at least 21 days before holding of Annual General Meeting.
Thanking you. Yours faithfully,
For J.K. Spinning Mills Ltd
Syed Hussain Shahid Mansoor Naqvi
Company Secretary
- to: The Commissioner, Securities & Exchange Commission of Pakistan, N.I.C, Building, Jinnah Avenue, Blue Area, Islamabad
The Joint Registrar, Securities & Exchange Commission of Pakistan, 3rd Floor, Associated House, 7-D, Kasmir Egerton, Road, Faisalabad
ANNEXURE - A
The financial results of the Company for the year ended June 30, 2023 are as follows:
Revenue from contracts with customers Cost of sales
Gross profit
Distribution cost
Administrative expenses
Other expenses
Other income
Profit from operations
Finance cost
Profit before taxation
Taxation
Profit after taxation
Earnings per share - basic and diluted (Rupees)
2023 | 2022 |
(RUPEES IN | (RUPEES IN |
THOUSAND) | THOUSAND) |
36,128,679 | 27,332,542 |
(31,342,388) | (21,171,839) |
4,786,291 | 6,160,703 |
(1,146,835) | (1,036,494) |
(505,016) | (424,443) |
(321,701) | (506,137) |
(1,973,552) | (1,967,074) |
2,812,739 | 4,193,629 |
105,381 | 266,184 |
2,918,120 | 4,459,813 |
(955,976) | (371,888) |
1,962,144 | 4,087,925 |
(142,045) | (426,405) |
1,820,099 | 3,661,520 |
17.79 | 35.79 |