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Karachi, April 30, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Tuesday the 30th April 2013 at 1:30 P.M at the Registered Office of the Company at Hali Road, S.I.T.E. Hyderabad recommended the following:
(i) Cash Dividend Nil
(ii) Bonus Shares Nil
(iii) Right Shares Nil
(iv) Any other entitlement Nil
A complete Income Statement including earning per share is enclosed.
We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.
Profit and Loss Account for the Period ended March 31, 2013 (Un-Audited)
Quarter Period Quarter Period
Ended Ended Ended Ended
March 31, 2013 March 31, 2013 March 31, 2012 March 31, 2012
Rupees Rupees Rupees Rupees
Sales 534,753,610 1,623,724,408 967,112,994 2,325,180,216
Cost of sales 497,587,880 1,513,666,837 917,205,344 1,947,107,327
----------- ------------- ----------- -------------
Gross Profit 37,165,730 110,057,571 49,907,650 378,072,889
Administration and selling expenses 15,292,894 42,624,314 26,333,249 58,296,774
----------- ------------- ----------- -------------
Operating Profit 21,872,836 67,433,257 23,574,401 319,776,115
Other income 13,843 2,691,376 52,062 372,472
----------- ------------- ----------- -------------
Profit before financial Expenses and other charges 21,886,479 70,124,633 23,626,463 320,148,587
Financial expenses 15,788,035 50,644,994 11,644,130 290,958,191
Other charges 429,811 2,109,461 1,915,910 5,078,355
----------- ------------- ----------- -------------
16,217,848 52,753,455 13,550,940 296,033,548
----------- ------------- ----------- -------------
Profit before taxation 5,668,633 17,371,178 10,066,523 24,115,041
Provision for taxation
Current 5,500,000 16,400,000 9,900,000 23,500,000
----------- ------------- ----------- -------------
Profit after taxation 168,633 971,178 166,523 615,041
Unrealized gain/(loss) on investment
available-for-sale
Total Comprehensive income for the year 5,440 240,600 453,856 (99,062)
----------- ------------- ----------- -------------
174,073 1,211,978 620,379 515,979
Earning per share 0.13 0.78 0.13 0.49
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For more information, contact:
Director
Fateh Textile Mills Limited
P.O. Box No: 69A/4,
Hyderabad, Pakistan
Tel: (92-022), 3880462-66, 3880500, 3880700,
Fax: (92-022) 3880042-3880514,
E-mail: fatehmills@aol.com
Web: www.fatehgruop.com