Fateh Textile Mills Limited’s financial results for the 3rd quarter ended on 31st March’ 2013 : AsiaNet-Pakistan

Fateh Textile Mills Limited’s financial results for the 3rd quarter ended on 31st March’ 2013

April 30, 2013 | Financial Results | Share:

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
                                                             -----------   -------------      -----------   -------------

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

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Category: Financial Results