Babri Cotton Mills Limited’s financial results for the quarter and half year ended December 31, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on 29th February, 2012 at 11:30 a.m. at Gammon House, Peshawar Road, Rawalpindi, recommended the following:

(i) Cash Dividend                                    Nil

(ii) Bonus Shares                                    Nil

(iii) Right Shares                                   Nil

(iv) Any Other Entitlement/ Corporate Action         None

(iv) Any Other Price-Sensitive Information           None

The financial results of the Company are attached as Annexure- A.

Annexure ‘A’

Condensed Interim Profit and Loss Account (Un-Audited) for the Quarter and Half-Year Ended 31 December, 2011

 

	For the 2nd Quarter		Cumulative
	Oct – Dec	Oct – Dec	July – Dec	July – Dec
	2011	2010	2011	2010
	Rupees in thousand
Sales – net	368,946	503,911	777,310	790,840
Cost of Sales	329,737	439,250	702,706	671,332
	——-	——-	——-	——-
Gross Profit	39,209	64,661	74,604	119,508
Distribution Cost	2,667	1,206	4,399	1,861
Administrative Expenses	11,901	9,758	21,892	16,279
Other Operating Expenses	2,608	4,986	4,117	7,844
Other Operating Income	(743)	(1,407)	(1,549)	(2,235)
	——-	——-	——-	——-
	16,433	14,543	28,859	23,749
	——-	——-	——-	——-
Profit from Operations	22,776	50,118	45,745	95,759
Finance Cost	14,672	855	22,870	18,749
	——-	——-	——-	——-
	8,104	49,263	22,875	77,010
Share of Profit of an
Associated Company	3,447	7,893	3,447	7,893
	——-	——-	——-	——-
Profit before Taxation	11,551	57,156	26,322	84,903
Taxation
– current	3,701	5,056	7,785	7,925
– deferred	(1,841)	(61,005)	(1,841)	(53,909)
	——-	——-	——-	——-
	1,860	(55,949)	5,944	(45,984)
	——-	——-	——-	——-
Profit after Taxation	9,691	113,105	20,378	130,887
Other Comprehensive Income	0	0	0	0
	——-	——-	——-	——-
Total Comprehensive Income
for the Period	9,691	113,105	20,378	130,887
	——-	——-	——-	——-
	Rupees
Earnings per Share	2.65	33.97	5.58	39.31

 

For more information, contact:
Babri Cotton Mills Limited
Habibabad, Kohat
(Khyber Pakhtunkhwa) Pakistan
Phone: 0922- 516315
Fax: 0922-516335
E-mail: info@bcm.com.pk
Website: www.bcm.com.pk