Janana De Malucho Textile Mills : Financial Results for the year ended 30 June, 2022

JANANA DE MALUCHO TEXTILE MILLS LIMITED

HABIBABAD, KOHAT

	2022	2021
				Rupees in thousand
Sales	7,155,722	5,610,298
Cost of sales	6,556,943	4,835,246
Gross profit		598,779	775,052
Distribution cost		60,451	32,825
Administrative expenses	110,498	98,488
Other expenses	25,715	52,036
Other income	._____.650----L.....I___		(2,971)
180,378
	196,014
Profit from operations	402,765	594,674
Finance cost	143,070	50,289
Share of profit/ (loss) from Associated Companies - net	259 695	544,385
	8,732		(34,435)
Impairment loss on investments in Associated		78,685		75,582
Companies
	{69!953)	{110,017}
Profit before taxation	189,742	434,368
Taxation	19,906	161,264
Profit after taxation	169,836	273,104
2,861,371	(19,389)
Other comprehensive income/ (loss)
Total comprehensive income	3,031,207	253,715
				------- Rupees -------
Earnings per share		30.85	57.08

The financial results of the Company are as under:

The Financial Statements for the current year ended June 30, 2022 reflect the results following from the Scheme of Arrangement of merger of the Company with Babri Cotton Mills Limited, whereas the comparative position for the year ended June 30, 2021 reflects the stand alone results of Janana De Malucho Textile Mills Ltd.

The Annual General Meeting of the Company will be held on Monday the October 17, 2022 at 12: 15 PM at its Registered Office, Habibabad, Kohat.

The Share Transfer Books of the Company will be closed from 10/10/2022 to 17/10/2022 (both days inclusiv�). Transfer received at the Share Registrar Office, Vision Consulting Limited 3-C LOA Flats, 1st Floor, Lawrence Road, Lahore at the close of business on 07/10/2022 will be treated in time for the purpose of the above entitlement to the transferees.

The Annual Report of the Company for the year ended June 30, 2022 will be transmitted through PUCARS separately, within the specified time.

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