Taha Spinning Mills Limited’s financial results for the quarter ended 31.03.2012

Karachi: We have to inform you that the Board of Directors of our company in their meeting held at 406-Commerce Centre, Hasrat Mohani Road, Karachi, at 2.30 p.m. on Monday the 30th April, 2012 recommended the following.

(i) Cash Dividend              Nil

(ii) Bonus Issue               Nil

(iii) Right Shares             Nil

(iv) Any Other Entitlement     Nil

Profit & Loss Account is attached.

Since the board has made no announcement, therefore share transfer books of the company will not be closed.

Condensed Interim Profit and Loss Account for the Nine Months and Quartet Ended March 31, 2012

Nine Months Ended

Quarter Ended

March 31,

March 31,

March 31,

March 31,

2012

2011

2012

2011

Rupees

Rupees

Rupees

Rupees

Sales- Net

3,617,740

3,617,740

Cost of sales

(12,783,620)

(12,783,620)

———

———-

——–

———-

Gross (Loss)

(9,105,880)

(9,165,880)

Administrative expenses

(1,645,095)

(1,537,863)

(547,738)

(432,469)

Finance cost

(1,616)

(3,323,949)

(300)

(681,921)

———

———-

——–

———-

Loss before taxation

(1,646,711)

(14,027,692)

(548,038)

(10,280,270)

Taxation

(36,177)

(36,177)

———

———-

——–

———-

Net (Loss) after taxation

(1,646,711)

(14,063,869)

(546,038)

(10,316,447)

———

———-

——–

———-

Earnings per share (Basic and diluted)

(0.41)

(3.47)

(0.14)

(2.55)

The annexed notes form an integral part of these financial statements.

For more information, Contact:
M. Sarfraz
Company Secretary
Taha Spinning Mills Limited
406 Commerce Centre,
Hasrat Mohani Road,
Karachi, Pakistan
Tel: 32638521-4
Fax: 32639843
E-mail: tsml@hmiml.com

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