Fatima Enterprises Limited’s financial results for the quarter ended 30-09-2011

Karachi: We have to inform you that the Board of Directors of’ our Company in their meeting held on 12.11.2011 at 11.00 A.M. at 487-A, Mumtazabad, Multan recommended the following:

1) CASH DIVIDEND

An Interim Cash Dividend for the quarter ended 30.09.2011 at Rs. Nil per share i.e. Nil/.This is in addition to Interim Dividend (s) already paid at Rs. Nil per share i.e. Nil.

AND/OR

2) BONUS SHARES

It has been recommended by the Board of Directors to issue interim Bonus shares in proportion of Nil shares(s) for every Nil share(s) held i.e. Nil! %. This is in addition to the Interim Bonus Shares already issued @ NiI%.

AND/OR

3) RIGHT SHARES

The Board has recommended to issue Nil % Right Shares at Par/at a discount/premium of Rs. Nil per share in proportion of Nil share(s) for every Nil share(s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

AND/OR

4) ANY OTHER ENTITLEMENT/CORPORATION ACTION

AND/OR

5) ANY OTHER PRICE – SENSITIVE INFORMATION

The financial results of the Company are as follows:

 

30-09-2011 30-09-2011
 Rs. in Thousand Rs. in Thousand
SALES-NET  2,042,371 2,490,211
COST OF SALES  1,956,965  2,212,294
 ——— ———
GROSS PROFIT  85,406  277,917
ADMINISTRATIVE EXPENSES 35,177 23,146
 ——— ———
OPERATING PROPIT/(LOSS) 50,229 254,771
OTHER INCOME 631 (235)
 ——— ———
FINANCIAL CHARGES 50,860 254,538
 ———  ———
128,980 130,029
 ——— ———
NET PROFIT/(LOSS) BEFORE TAXATION  (78,120)  124,507
PROVISION FOR TAXATION 20,400 10,000
 ——— ———
NET PROFIT/(LOSS) AFTER TAXATION (98,520) 114,507
——— ———
UN-APPROPRIATED PROFIT B/F (98,520) 114,507
UN-APPROPRIATED PROPIT 1,087,635 971,731
 ——— ———
CARRIED TO BALANCE SHEET  989,115 1,086,238
 ——— ———
EARNINGS/(LOSS) PER SHARE (6.92) (8.05)

 

The above entitlement will be paid to the share holders whose names will appear in the Register of Members on N.A.

The Share Transfer Books of the Company will be closed from N.A. to N.A. (both days inclusive).

Transfer received at the N.A. (complete address of share department) at the close of business on N.A. will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Malik Muhammad Iqbal
Company Secretary
Fatima Enterprises Limited
487-A, Mumtaz Abad, Vehari Road,
Multan – 60600 (Pakistan)
Ph: 061-6761066, 6528145
Fax: 061-6528092, 6528123

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