Ibrahim Fibres Limited’s financial results for the 2nd quarter/ half year ended 31-12-2012

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Karachi, February 25, 2013 (PPI-OT): We have to inform you that the Board of Directors of the company in their meeting held on 23-02-2013 at 03:00 P.M. at I, Armed Block, New Garden town, Lahore has approved the financial results of the company.

(i) Cash Dividend                                Interim Cash Dividend at Rs. 1.50 per. share i.e. 15%

(ii)Bonus Shares                                 Nil

(iii) Right Shares                               Nil

(iv) Any Other Entitlement/ Corporate Action     Nil

(v) Any Other Price- Sensitive Information       Nil

The financial results of the Company are as follows:-

	Quarter Ended December 31,		Half Year ended December 31,
	2012	2011	2012	2011
	Rupees	Rupees	Rupees	Rupees
Sales-net	10,047,247,757	8,674,588,347	19,971,860,046	18,410,206,329
Cost of goods sold	9,180,077,461	7,965,426,207	18,361,324,242	17,137,530,263
	————–	————-	————–	————–
Gross profit	867,170,296	709,162,140	1,610,535,804	1,272,676,066
Selling and distribution expenses	53,111,627	36,648,532	105,541,031	77,779,234
Administrative expenses	156,988,604	137,260,358	316,591,660	272,726,641
Other operating expenses	27,242,704	27,452,093	46,834,966	45,564,983
Finance cost	134,017,995	188,248,403	312,578,638	369,179,681
	————–	————-	————–	————–
	371,360,830	389,609,386	781,546,095	765,250,519
	————–	————-	————–	————–
	495,809,466	319,552,754	828,989,709	507,425,547
	11,106,984	12,201,038	19,465,355	612,591,864
	————–	————-	————–	————–
Other operating income	506,916,450	331,753,792	848,455,064	1,120,017,411
Share of profit associate-net	680,045,000	644,713,000	1,523,192,000	1,438,612,000
	————–	————-	————–	————–
Profit before taxation	1,165,961,450	976,468,792	2,371,647,064	2,558,629,411
Provision for taxation	(4,875,729)	109,692,397	21,856,246	180,191,442
	————–	————-	————–	————–
Profit for the period	1,171,837,179	866,774,395	2,349,790,818	2,398,437,969
	————–	————-	————–	————–
Earnings per share -Basic and Diluted	3.77	2.79	7.57	7.72

The Share Transfer Books of the Company will be closed from 12-03-2013 to 19-03-2013 (both days inclusive). Transfer received at M/s Technology Trade (Pvt) Limited, Dagia House, 241-C, Block-2, PECHS, Off: Shahrah-e-Quaideen. Karachi at the close of business on 11-03-2013 will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Ibrahim Fibres Limited
Ibrahim Centre, 11-B, Lala Zar
M. T. Khan Road, Karachi, Pakistan
Tel: 92 21 35611601
Fax: 92 21 35611609
Website: www.igcpk.com
E-mail: info@igc.com.pk