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LANDMARK SPINNING INDUSTRIES LIMITED.

DIRECTORS’ REPORT

 

The Directors of the company have the pleasure in submitting their report together with 1st Quarterly Accounts for the period ended 30th September 2005.

 

 

The Production could not start during the period under review due to unfavorable market condition, moreover the work for revamping of machinery and repairs is going on .

 

The company is in preparation to commence production activities in near future and we are in discussion with LIEDA to supply electricity without break and also we expect a reasonably good size Cotton crop.

 

In order to make the production cost effective, the management is actively striving to install Gas generator at factory, for this purpose Industrial Units at Winder have sought collectively for gas connection at mills in Winder (Baluchistan)

 

Loss for the 1st quarter under review was Rs.14.498 million which was mainly due to amortization of Pre-production expenses of Rs.14.417 million.

 

 

The directors appreciate the services rendered by the employees of the Company.

 

 

 

Karachi:                                                                               On behalf of the Board

Dated: October 29, 2005                                                 

                                                                                              Akber Ali Hashwani

                                                                                                   Chief Executive

 

 

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