J K Spinning Mills : Financial Results for the Year Ended June 30,2023
September 25, 2023 at 05:27 am EDT
Share
Ref: JKSM/T-086/2023
Dated: 25-09-2023
The General Manager
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
Karachi.
FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2023
Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on September 25, 2023 at 11:00 A.M. at head office of the Company, 29-K.M, Sheikhupura Road, Khurrianwala, Faisalabad, recommended the following:
Dividend:
Nil
Right Issue:
Nil
Bonus Shares:
Nil
Financial Results:
The financial results of the Company are attached as Annexure-A.
Annual General Meeting:
The Annual General Meeting of the Company will be held on October 27, 2023 at 11:00 A.M. at the head office of the Company, 29-K.M, Sheikhupura Road, Khurrianwala, Faisalabad,
Book Closure Dates:
The Share Transfer Books of the Company will be closed from October 20, 2023 to October 27, 2023 (both days inclusive). Transfer received at the share registrar office M/s Corptec Associates (Pvt.) Ltd., 503- E, Johar Town, Lahore at the close of business hour on October 19, 2023 will be treated in time for the purpose of transfer of shares and entitlement.
The Annual Report of the Company will be transmitted through PUCARS at least 21 days before holding of Annual General Meeting.
Thanking you. Yours faithfully,
For J.K. Spinning Mills Ltd
Syed Hussain Shahid Mansoor Naqvi
Company Secretary
to: The Commissioner, Securities & Exchange Commission of Pakistan, N.I.C, Building, Jinnah Avenue, Blue Area, Islamabad
The Joint Registrar, Securities & Exchange Commission of Pakistan, 3rd Floor, Associated House, 7-D, Kasmir Egerton, Road, Faisalabad
ANNEXURE - A
The financial results of the Company for the year ended June 30, 2023 are as follows:
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 - basic and diluted (Rupees)
2023
2022
(RUPEES IN
(RUPEES IN
THOUSAND)
THOUSAND)
36,128,679
27,332,542
(31,342,388)
(21,171,839)
4,786,291
6,160,703
(1,146,835)
(1,036,494)
(505,016)
(424,443)
(321,701)
(506,137)
(1,973,552)
(1,967,074)
2,812,739
4,193,629
105,381
266,184
2,918,120
4,459,813
(955,976)
(371,888)
1,962,144
4,087,925
(142,045)
(426,405)
1,820,099
3,661,520
17.79
35.79
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J.K. Spinning Mills Ltd. published this content on 25 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2023 09:26:03 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 
