Notes To Accounts

DIRECTORS’ REPORT TO THE SHAREHOLDERS

Your Board of Directors is pleased to present un-audited accounts for the 1^st quarter ended September 30, 2009.

The operations have resulted in a profit before taxation of Rs. 10.628 million as compared to loss of Rs. (1.859) million in corresponding period of last year. Market showed positive trend after long depression and yarn price have increased substantially.

Sales prices increased during the period as compared to corresponding period whereas price of raw cotton remained stable during the recent period.

There is no material change in position of on going litigation and other matters related to court as reported in the Directors’ report to the shareholders for the year ended June 30, 2009.

Earning per share - basic for the quarter under review is Rs. 0.79 positive in comparison to Rs. (0.15) negative in the corresponding period of last year.

We would like to express our appreciation for the dedication and hard work put in by the entire team at J. A. Textile Mills Limited and all its partners within the country and all across the world.

For and on behalf of the Board.

 Imran Zahid                                                                                        Faisalabad

Chief Executive Officer                                                                      October 27, 2009