LANDMARK SPINNING INDUSTRIES LIMITED.

DIRECTORS’ REPORT

 

The Board of Directors are pleased to present their report on the affairs of the company for the Nine months ended 31st March 2006.

 

The company could not carry on production during the period under review on account of unfavorable conditions and due to lack of infrastructural facilities in the Winder Industrial Area, especially the non- availability of Gas, it is inconducive situation  for the management to start operational activities in order to avoid losses.

 

All out efforts are being made to get the Gas connection from SSGC and we anticipate a good response from them as the SSGC has been working on Gas line

 

Once the Gas line is obtained, the directors would be pleased to carry on production as soon as possible.

 

Loss after Taxation for the nine months period under review was Rs.15.11 million which was mainly due to amortization of Pre-production expenses of Rs14.86 million.

 

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

 

 

 

Karachi:                                                                                                            On behalf of the Board

Dated: April 28, 2006                                                 

                                                                                                                          Akber Ali Hashwani

                                                                                                                          Chief Executive