J K Spinning Mills : Financial Results for the Quarter Ended 2023-09-30
October 30, 2023 at 01:59 am EDT
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Ref: JKSM/T-104/2023
Dated: 30.10.2023
THE GENERAL MANAGER
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
KARACHI.
FINANCIAL RESULTS FOR 1ST QUARTER 30.09.2023
Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on 30.10.2023 at 10:00 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 30.09.2023at 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, 2023
30 September, 2022
(Rupees In Thousand)
(Rupees in Thousand)
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 (Rupees): -Basic and diluted
11,087,969
9,613,207
(9,577,171)
(7,939,385)
1,510,798
1,673,822
(246,751)
(343,824)
(154,877)
(118,242)
(32,951)
(297,997)
(434,579)
(760,063)
1,076,219
913,759
16,524
26,358
1,092,743
940,117
(590,831)
(107,016)
501,912
833,101
(144,006)
(156,797)
357,906
676,304
3.50
6.61
The Quarterly Report of the company for the Quarter ended 30 September, 2023 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
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J.K. Spinning Mills Ltd. published this content on 30 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2023 05:58:10 UTC.
J.K. Spinning Mills Limited is engaged in the business of textile manufacturing, which consists of spinning, weaving, processing, stitching, buying, selling and otherwise dealing in yarn, fabrics and other goods. The Companyâs segments include Spinning and Fabric. The Spinning segment is engaged in producing yarn using natural and artificial fibers. The Fabric segment is engaged in buying yarn, fabric and selling after conversion and manufacturing of home textile articles. Its products include yarn, fabrics, home textiles, woven garments and towels. Its fabric division includes home textile, institutional textile and sustainable products. It provides bedding and garments for the health-care sector with various health care techniques made from a revolutionary material. Its spinning operations comprise of 201000 spindles and a combination of European/Japanese machinery. Its bed linen is designed for professional use in the hospitality and healthcare industries.
J.K. SPINNING MILLS LIMITED 
