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Globe Textile Mills Limited’s financial results for the half year ended Dec 31, 2012

Karachi, February 22, 2013 (PPI-OT): We have to inform you that the Board of Director in its meeting held on Thursday the Feb 21, 2013 at 3:00 pm recommended NIL dividends.

The financial result of the Company for the half year ended Dec 31, 2012 is as follow.

For the half year

For the Quarter

July – Dec

Oct – Dec

2012

2011

2012

2011

(Rupees in Thousands)

Sales

Fixed Overheads

13,241

16,416

6,674

8,208

Gross Loss

(13,241)

(16,416)

(6,674)

(8,208)

——

——

—–

—–

Operating Expenses:
(Administration and Selling and distribution cost)

2,725

1,897

1,432

1,044

——

——

—–

—–

Operating Loss

(15,966)

(18,313)

(8,106)

(9,252)

Financial and Other Operating Expenses

2

1

——

——

—–

—–

(15,966)

(18,315)

(8,106)

(9,253)

Other Operating Income

522

996

165

464

——

——

—–

—–

Net Loss before Taxation

(15,444)

(17,319)

(7,941)

(8,739)

Taxation:
Current

Deferred

——

——

—–

—–

——

——

—–

—–

Net Loss after Taxation

(15,444)

(17,319)

(7,941)

(8,789)

——

——

—–

—–

Net (Loss) Per Share

(0.94)

(1.06)

(0.49)

(0.54)

For more information, contact:
Arshad Arif
(Director)
Globe Textile Mills Limited
105, Ibrahim Trade Tower,
Shahrah-e-Faisal, Karachi – Pakistan
Tel: 34327534, 34327535
Fax: 34327536
E-mail: info@globeoe.com

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