J K Spinning Mills : Financial Results for the Quarter Ended 2023-03-31
April 26, 2023 at 05:33 am EDT
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Ref: JKSM/T-036/2023
Dated: - 26.04.2023
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, 2023
Dear Sir,
We have to inform you that the Board of Directors of our company in their meeting held on Wednesday, April 26, 2023 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, 2023.
(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, 2023 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:
The Joint Registrar, (SECP) An
Director/HOD
Company Registration office,
Surveillance, Supervision and Enforcement
3rd, Associated House،
Department,Securities & Exchange
7 Egerton Road, Garhi Shahu,
Commission of Pakistan, NIC Building, 63-
Lahore.
Jinnah Avenue, Blue Area,
Islamabad.
Surveillance, Supervision
"Annexure - A"
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE NINE MONTHS AND QUARTER PERIOD ENDED MARCH 31, 2023
Revenue from Contracts with Customers
Cost of sales
Gross Profit
Nine Months ended
Quarter ended
31 March
31 March
31 March
31 March
2023
2022
2023
2022
----------------------
(Rupees in thousand) --------------------
26,746,914
20,120,682
9,735,823
7,762,389
(22,335,930)
(15,419,531)
(7,971,932)
(5,973,463)
4,410,984
4,701,151
1,763,891
1,788,926
Distribution cost
Administrative expenses
Other expenses
Other income
Profit from operations
Finance cost
Profit before taxation
Taxation
Profit after taxation
Earnings per share:
(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
(743,601)
(327,706)
(357,572)
(1,428,879)
3,272,272
120,133
3,392,405
(287,113)
3,105,292
(460,609)
2,644,683
(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
(301,048)
(116,051)
(83,626)
(500,725)
1,288,201
2,887
1,291,088
(88,073)
1,203,015
(230,025)
972,990
Basic and diluted (Rupees)
20.30
25.85
9.63
9.51
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J.K. Spinning Mills Ltd. published this content on 26 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2023 07:26:02 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 
