J K Spinning Mills : Financial Results for the Quarter Ended 2022-09-30
October 28, 2022 at 03:33 am
Share
Ref: JKSM/T-103/2022
Dated: 28.10.2022
THE GENERAL MANAGER
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
KARACHI.
FINANCIAL RESULTS FOR 1ST QUARTER 30.09.2022
Dear Sir,
We have to inform you that the Board of Directors of our company in their meeting held on 28.10.2022 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
A Interim Cash Dividend for 1st Quarter 30.09.2022at 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
(iv)
ANY OTHER ENTITLEMENT/CORPORATE ATION
N/A
AND / OR
(v)
ANY OTHER PRICE-SENSITIVE INFORMATION
N/A
Cont…… P/2
-
: (2): -
The financial results for the Company are as follows:
1st Quarter
1st Quarter
30 September, 2022
30 September, 2021
(Rupees In Thousand)
(Rupees in Thousand)
Revenue from contracts with customers
9,613,207
5,458,302
Cost of Sales
(7,939,385)
(4,182,070)
Gross Profit
1,673,822
1,276,232
Distribution cost
(343,824)
(158,019)
Administrative expenses
(118,242)
(104,241)
Other expenses
(297,997)
(125,942)
(760,063)
(388,202)
913,759
888,030
Other income
26,358
4,940
Profit from operations
940,117
892,970
Finance cost
(107,016)
(84,764)
Profit before taxation
833,101
808,206
Taxation
(156,797)
(118,516)
Profit after taxation
676,304
689,690
Earnings per share (Rupees) :
-Basic and Diluted
6.61
6.74
The Quarterly Report of the company for the period ended 30 September, 2022 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 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 07:32:08 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 
