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Ghazi Fabrics International Limited’s un-audited financial results for the half year ended 31-12-2012

March 1, 2013 Financial Results

Karachi, March 01, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their Meeting held on 28th February, 2013 at 10:00 a.m. for consideration of half yearly (un-audited) accounts of the Company for the half year ended on 31-12-2012, duly reviewed by external auditor, has recommended the following:

Cash dividend:            Nil

Bonus Shares:             Nil

Right Shares:             Nil

The financial results of the Company are as follows:-

Half Year Ended

Half Year Ended

Quarter Ended

Quarter Ended

December 31,

December 31,

December 31,

December 31,

2012

2011

2012

2011

(Rupees)
Sales-net

2,533,194,956

2,532,835,235

1,255,660,728

1,104,271,210
Cost of sales

2,341,345,283

2,409,678,811

1,177,060,980

1,059,802,218

————-

————-

————-

————-
Gross Profit

191,849,672

123,156,424

78,599,747

44,468,992
Operating expenses:
-Selling and distribution

76,150,392

61,236,002

34,915,563

23,528,257
-Administrative

41,598,126

40,708,380

22,055,907

18,230,968

————-

————-

————-

————-

117,748,518

101,944,382

56,971,470

41,759,225

————-

————-

————-

————-
Operating Profit

74,101,155

21,212,042

21,628,277

2,709,766
Other Income

4,643,857

5,938,759

4,305,079

3,918,740

————-

————-

————-

————-

78,745,012

27,150,801

25,933,356

6,628,506
Finance cost

60,308,776

79,566,203

25,434,233

38,325,697

————-

————-

————-

————-
(Loss)/ Profit before taxation

18,436,235

(52,415,401)

499,123

(31,697,191)
Provision for taxation

11,212,859

29,569,540

(1,698,627)

8,141,080

————-

————-

————-

————-
(Loss)/ Profit after taxation

7,223,376

(81,984,941)

2,197,571

(39,838,270)

————-

————-

————-

————-
Earnings per share-Basic

0.22

(2.51)

0.07

(1.22)

For more information, contact:
Company Secretary
Ghazi Fabrics International Limited
8-C, E-III, Gulberg-III,
Lahore – 54660, Pakistan
Ph: +92 42 5764026-28,
Fax: +92 42 5764032
Web: http://www.ghazifabrics.com
E-mail: info@ghazifabrics.com

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