Home
Balance Sheet
Profit & Loss Account
Changes In Equity
Cash Flow Statement
Notes To The Financial Statement

Acrobat Reader

( Download )

DIRECTORS' REPORT TO THE SHAREHOLDERS

Your Board of Directors is pleased to present un-audited accounts for the 3rd quarter and 9 months period ended March 31, 2009

The operations have resulted in a loss before taxation of Rs. 33.176 million as compared to Rs. 22.437 million in corresponding period of last year. Power crisis and increase in prices of raw material has really slowed down the economic activities in the country and caused continuous losses.

Sales slightly decreased 1.59% (from 402.410 million in corresponding period to 396.000 million in the period under review) cost of sales has increased by 1.91% 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 quarter under review is Rs. 2.83 negative in comparison to Rs. 3.50 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.
 

Imran Zahid                                                                                             Faisalabad
Chief Executive Officer                                                                       April 27, 2009