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Karachi, September 27, 2012 (PPI-OT): We have to inform you that the Board of Directors of the company in their meeting held on 26-09-2012 at 04:00 P.M. at Ahmed Block, New Garden Town, Lahore has approved the financial results of the company.
(i) Cash Dividend
A final Cash Dividend for the year ended 30-06-2012 at Rs.3/= per share i.e. 30%.
(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:-
|
for the year |
for the year |
|
|
Ended |
Ended |
|
|
June 30, 2012 |
June 30, 2011 |
|
|
Rupees |
Rupees |
|
| Sales – net |
35,852,566,227 |
37,300,680,078 |
| Cost of goods sold |
33,230,400,604 |
34,177,382,738 |
|
————– |
————– |
|
| Gross profit |
2,622,165,623 |
3,123,297,340 |
| Selling and distribution expenses |
158,541,465 |
152,781,541 |
| Administrative expenses |
591,731,463 |
577,500,576 |
| Other operating expenses |
83,530,305 |
113,699,275 |
| Finance cost |
780,322,044 |
828,974,553 |
|
————– |
————– |
|
|
1,614,125,277 |
1,672,955,925 |
|
|
————– |
————– |
|
|
1,008,040,346 |
1,450,341,415 |
|
| Other operating income |
700,636,731 |
199,696,578 |
|
————– |
————– |
|
|
1,708,677,077 |
1,650,037,993 |
|
| Share of profit association-net |
2,743,648,000 |
3,224,500,000 |
|
————– |
————– |
|
| Profit before taxation |
4,452,325,077 |
4,874,537,993 |
| Provision for taxation |
338,414,235 |
722,718,801 |
|
————– |
————– |
|
| Profit for the year |
4,113,910,842 |
4,151,819,192 |
|
————– |
————– |
|
| Earnings per share-Basic and Diluted |
13.25 |
13.57 |
The Annual General Meeting of the Company will be held on 22-10-2012 at 11:00 A.M. at Avari Hotel, Shahrah-e-Quaid-e-Azam, Lahore.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 14-10-2012.
The Share Transfer Books of the Company will be closed from 15-10-2012 to 22-10-2012 (both days inclusive). Transfers received at M/s Technology Trade (Pvt) Limited, Dagia House, 241-C, Block-2, P.E.C.H.S. Off: Shahrah-e-Quaideen. Karachi at the close of business on 14-10-2012 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