Gul Ahmed Textile Mills Limited has posted a record profit after tax of Rs 1.196 billion for the year ending June 30, 2011 and announced a 100 percent bonus share. According to financial results of the company despatched to Karachi Stock Exchange here Monday, the pre-tax profit also surged to Rs 1.537 billion for the period under review as against Rs 708.227 million in 2010. The earning per share jumped to Rs 18.85 compared to Rs 7.52 last year.

Bashir H. Ali Mohammad, the Chief Executive Office and Chairman of Gul Ahmed Textile Mills Limited, has been unanimously elected as the President of the International Textile Manufacturers Federation (ITMF) for the next two years. A statement here yesterday said that he became the first Pakistani to be elected to the prestigious post. It said that Bashir H. Ali Mohammad assumed his post at the ITMF’s Annual Conference in Sao Paulo, Brazil, held earlier this month. Speaking on the occasion, Bashir said that it is matter of pride and joy for Pakistan and for the hardworking members of the Pakistani textile sector that one of their own has been elected to this position. He hoped to fulfill his duties to the fullest of his abilities and also to bring better international spotlight on Pakistan’s credentials as one of the best destinations for quality textile products.

Gul Ahmed Textile Mills announced upgrading its IP Telephony (IPT) voice and security infrastructure besides unifying communications system to raise service standards, improve employee collaboration and enhance operational efficiencies. According to a press release Thursday, Gul Ahmed improves collaboration with Cisco Unified Communications System and it deploys 1,900 Cisco Unified IP Devices. The network is imperative to the functioning of Gul Ahmed, seamlessly connecting toll-free extension dialing between employees across all units, including a single operator to guide all incoming and outgoing call traffic, to and from all units. Deputy Manager IT Infrastructure and Converged Communications Rashid Ghazanfar said it was decided that the upgradation would be done in two phases. Call Manager, 7825 servers will be replaced with the more powerful 7835s, Voice Gateways, 2620s will be replaced by 2821s, and Cisco PIX 500 Firewalls by ASA 5520s in the first phase. The next phase will envis...