Haji Mohammad Ismail Mills Limited’s financial results for the year ended 30-06-2012

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Karachi, October 10, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held at 408-Commerce Centre, Hasrat Mohani Road, Karachi, at 4:00 p.m. on Tuesday the 9th October, 2012 recommended the following.

(i) Cash Dividend                 Nil

(ii) Bonus Issue                  Nil

(iii) Right Shares                Nil

(iv) Any Other Entitlement        Nil

Profit and Loss Account Attached.

Share transfer books will be closed from 25th October, 20 12 to 31st October, 2012 (both days inclusive).

Profit and Loss Account for the Year Ended June 30, 2012

		June, 30	June 30
		2012	2011
	Notes	Rupees	Rupees
		Restated
Sales-Net	24	22,655,143	27,910,835
Cost of sales	25	(28,036,803)	(27,106,342)
		———-	———-
Gross (loss)/ profit		(5,381,660)	804,493
Operating expenses
Administrative expenses	26	(2,077,676)	(2,168,117)
Other operating income	27	2,639,150	5,392,294
		———-	———-
Operating (loss)/ profit		(4,820,186)	4,028,670
Finance cost	28	(780,335)	(4,417,548)
		———-	———-
(Loss) before taxation		(5,600,521)	(388,878)
Taxation	29	–	(908,025)
		———-	———-
Net (Loss)		(5,600,521)	(1,296,903)
		———-	———-
(loss) per share-basic and diluted	30	(0.47)	(0.11)

The annexed notes form an integral part of these financial statements.

For more information, contact:
M. Sarfraz
Company Secretary
Haji Mohammad Ismail Mills Limited
408-Commerce Centre,
Hasrat Mohani Road, Karachi
Tel: 32638521-4
Fax: 32639843,
E-mail: ifno@hmiml.com