Notes To Accounts

DIRECTORS’ REPORT TO SHAREHOLDERS

Your Board of Directors is pleased to present un-audited accounts for the 2nd quarter and half year ended December 31, 2008.

 The operations have resulted in a loss before taxation of Rs. (17.951) million as compared  to Rs. (18.240) million loss in corresponding period of last year. Uncertainty in market due  to power crisis, high prices of raw material and security reasons effected business activities
badly.

Sales slightly increased by 4.95 % (from Rs. 257.130 million in corresponding period of last
year to 269.870 million in the period under review) whereas cost of sales has increased by 5.54 % but operative costs cut short by 31.69 % by the management in the same 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 30,2008.
 

Earning per share (Basic) for the period under review is Rs. 1.62 negative in comparison to Rs. 3.11 negative in the corresponding period of last year.
 

Transactions with related parties are carried out at arms length. The prices are determined in
accordance with comparable uncontrolled price method.

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

For and on behalf of the Board.                                                                 Faisalabad
Imran Zahid                                                                                        Dated: 23-02-2009
Chief Executive Officer