LANDMARK SPINNING INDUSTRIES LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED JUNE 30, 2007
				Notes	June 30, 2007		June  30, 2006
					(Rupees)
Sales - Net					--		--
Cost of Sales					--		--
Gross Profit					--		--
Operating Expenses
Administrative and General Expenses				18.	797,236		624,371
Operating Loss					797,236		624,371
Finance Cost				19.	3,401		2,252
					800,637		626,623
Amortisation of Pre-Production Expenses				9.	--		72,082,952
Extra Ordinary item
Adjustment of Bank  Loan				16.3.	--		(56,998,586)
					--		15,084,366
Loss Before taxation					(800,637)		(15,710,989)
Taxation
-	Current			20.	--		--
-	Prior				--		--
					--		--
Loss after Taxation for the year					(800,637)		(15,710,989)
Earning Per Share - Basic				21.	(0.07)		(1.30)
The annexed notes form an integral part of these accounts.
AKBAR ALI HASHWANI				AMIN A. HASHWANI
(Chief Executive)				(Director)
Karachi
Dated: