J K Spinning Mills : Financial Results for the Quarter Ended 2024-03-31
April 29, 2024 at 03:05 am EDT
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Ref: JKSM/T-047/2024
Dated: - 29.04.2024
The General Manager,
Pakistan Stock Exchange Ltd.
Stock Exchange Building,
Stock Exchange Road,
KARACHI.
FINANCIAL RESULTS OF J. K. SPINNING MILLS LTD FOR
THE PERIOD ENDED MARCH 31, 2024
Dear Sir,
We have to inform you that the Board of Directors of our company in their meeting held on Monday, April 29, 2024 at 11:00 A.M. at head office of the company, 29-KM Sheikhupura Road, Drummanwala More, Near Khurrianwala, Faisalabad have considered and approved the quarterly accounts of the Company for the period ended March 31, 2024.
(i)
Cash dividend
Nil
(ii)
Bonus shares
Nil
(iii)
Right shares
Nil
The financial results of the company are attached herewith as "ANNEXURE-A".
The Quarterly Report of the Company for the period ended March 31, 2024 will be transmitted through PUCARS in due course of time and will also be available at the Company's website at ww.jkgroup.net
Thanking you.
Yours faithfully,
For: J. K. Spinning Mills Ltd
Syed Hussain Shahid Mansoor Naqvi
Company Secretary
CC:
Director/HOD
Surveillance, Supervision and Enforcement Department, Securities & Exchange Commission of Pakistan, NIC Building, 63-Jinnah Avenue, Blue Area,
Islamabad.
"Annexure - A"
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)
FOR THE NINE MONTHS AND QUARTER PERIOD ENDED MARCH 31, 2024
Nine Months ended
Quarter ended
31 March
31 March
31 March
31 March
2024
2023
2024
2023
----------------------
(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:
31,942,490
(27,811,032)
4,131,458
(892,866)
(479,039)
(68,520)
(1,440,425)
2,691,033
237,226
2,928,259
(1,833,615)
1,094,644
(415,288)
679,356
26,746,914
(22,335,930)
4,410,984
(751,893)
(482,150)
(347,306)
(1,581,349)
2,829,635
83,275
2,912,910
(509,853)
2,403,057
(325,967)
2,077,090
11,511,969
(10,122,892)
1,389,077
(355,623)
(189,039)
(11,248)
(555,910)
833,167
79,066
912,233
(608,039)
304,194
(135,790)
168,404
9,735,823
(7,971,932)
1,763,891
(182,176)
(227,998)
(44,436)
(454,610)
1,309,281
1,840
1,311,121
(236,054)
1,075,067
(89,301)
985,766
Basic and diluted (Rupees)
6.64
20.30
1.65
9.63
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J.K. Spinning Mills Ltd. published this content on
29 April 2024 and is solely responsible for the information contained therein. Distributed by
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29 April 2024 07:04:03 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 
