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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday April 30, 2012 at 4:30 p.m. at Company’s registered office 242-A, Anand Road, Upper Mall, Lahore have approved the 3rd Quarter Accounts i.e. Accounts for the Nine months ending March 31, 2012.
The financial results of the Company for the 3rd quarter ended March 31, 2012 are as follows:
|
Jul 2011 to |
Jul2010 to |
Jan-Mar |
Jan-Mar |
|
|
Mar 2012 |
Mar 2011 |
2012 |
2011 |
|
|
Rupees |
Rupees |
Rupees |
Rupees |
|
| Sales |
1,380,342,113 |
1,736,977,098 |
471,575,068 |
712,931,404 |
| Cost of Sales |
1,417,995,942 |
1,690,809,963 |
500,226,904 |
675,607,851 |
|
————- |
————- |
———– |
———– |
|
| Gross Profit/(Loss) |
(37,653,829) |
46,167,135 |
(28,651,836) |
37,323,553 |
|
————- |
————- |
———– |
———– |
|
| Operating Expenses; | ||||
| Distribution cost |
15,287,592 |
10,801,328 |
5,675,024 |
3,865,646 |
| Administrative expenses |
24,306,096 |
20,998,382 |
7,965,834 |
7,015,963 |
| Other Operating Expenses |
588,896 |
567,343 |
183,041 |
165,691 |
|
————- |
————- |
———– |
———– |
|
|
40,182,584 |
32,367,053 |
13,823,899 |
11,047,300 |
|
|
————- |
————- |
———– |
———– |
|
| Operating profit / (Loss) |
(77,636,414) |
13,800,081 |
(42,475,735) |
26,276,253 |
| Other Operating Income / (Loss) |
86,788,181 |
272,074 |
13,983 |
269,423 |
|
————- |
————- |
———– |
———– |
|
|
8,952,367 |
14,072,155 |
(42,461,752) |
26,545,676 |
|
| Financial Cost |
68,081,026 |
83,239,385 |
20,766,773 |
28,606,950 |
|
————- |
————- |
———– |
———– |
|
| Loss Before Taxation |
(59,128,659) |
(69,167,230) |
(63,228,525) |
(2,061,274) |
| Taxation |
7,158,189 |
10,571,238 |
2,510,012 |
4,805,721 |
|
————- |
————- |
———– |
———– |
|
| Loss After Taxation |
(66,286,848) |
(79,735,468) |
(65,738,537) |
(6,866,995) |
|
————- |
————- |
———– |
———– |
|
| Loss per Share – Basic and Diluted |
(2.21) |
(7.97) |
(2.19) |
(0.69) |
For more information, Contact:
Usman Haq
Company Secretary
ICC Textile Limited
242-A, Anand Road, Upper Mall,
P.O. Box: 1280, Lahore- 54000, Pakistan
Tele: (042) 35751785-87
Fax: (042) 35789206,
E-mail: icctex@wol.net.pk