International Industries Limited’s financial results for the half year ended 31-12-2012

Related Articles

Financial results of Faran Sugar Mills Limited for year ended September 30, 2016

December 29, 2016

Financial results of Sui Northern Gas Pipelines Limited for quarter ended September 30, 2016

December 28, 2016

Karachi, February 01, 2013 (PPI-OT): We are pleased to inform you that the Board of Directors of International industries Limited (INIL) at their meeting held today, February 1, 2013 has decided as follows:

1) Financial Results

The financial results of the Company for the half year are us under:

(Rs. 000’s)

IIL-Excluding Subsidiary

	Six Months Period ended		Quarter ended
	31-12-2012	31-12-2011	31-12-2012	31-12-2011
Net Sales	8,426,850	7,775,059	4,338,651	4,100,610
Cost of Sales	(7,452,930)	(16,989,460)	(3,843,635)	(3,700,202)
	———	———-	———-	———
Gross Profit	973,920	785,599	495,016	400,438
Selling and distribution expenses	(268,981)	(195,120)	(146,036)	(105,085)
Administrative expense	(66,416)	(74,181)	(33,205)	(37,769)
Financial Charges	(364,206)	(516,476)	(214,726)	(301,197)
Other Operating Charges	(36,900)	(16,992)	(18,988)	(1,508)
Other Operating Income	39,288	28,191	22,013	12,504
	———	———-	———-	———
Profit/ (loss) before Taxation	276,705	11,021	105,071	(32,599)
Taxation	(74,560)	(7,200)	(39,660)	11,300
Profit / (loss) after Taxation	202,145	3,821	64,414	(21,299)
	———	———-	———-	———
Earnings/ (loss) per share –
basic and diluted	1.69	0.03	0.54	(0.18)

Consolidated-IIL

	Six Months Period ended		Quarter ended
	31-12-2012	31-12-2011	31-12-2012	31-12-2011
Net Sales	14,905,158	12,446,971	7,935,858	6,624,132
Cost of Sales	(13,392,806)	(11,305,053)	(7,202,528)	(6,067,754)
	———-	———-	———	———
Gross Profit	1,512,352	11,141,918	733,330	556,378
Selling and distribution Charges	(306,260)	(226,233)	(162,086)	(123,062)
Administrative expenses	(118,927)	(102,430)	(59,615)	(54,392)
Financial Charges	(932,411)	(1,137,455)	(511,880)	(639,780)
Other Operating Charges	(38,065)	(18,078)	(19,672)	(2,328)
Share of Profit in equity accounted investee	8,322	6,231	2,745	2,456
Other Operating Income	54,669	53,156	29,614	27,309
	———-	———-	———	———
Profit / (loss) before Taxation	179,650	(282,891)	12,436	(233,419)
Taxation	(46,413)	17,923	(9,823)	37,054
	———-	———-	———	———
Profit/ (loss) after Taxation	133,237	(264,968)	2,613	(196,365)
	———-	———-	———	———
Earnings/ (loss) per share-basic
and diluted	1.11	(2.21)	0.02	(1.64)

Dividend:

The Board of Directors have decided to approve the payment of an interim cash dividend for the hall year ended December 31, 2012 at Rs. 1.00 per share, that is 10%.

Book Closure:

The Share Transfer Books of the Company will remain closed from February 21, 2013 to February 28, 2013 (both days inclusive), Transfers received in order at the offices of our Shares Registrar M/s CDC Pakistan Limited CDC House, 99-B. Block B. S.M.CH.S. Shahrah-e-Faisal, Karachi by the close of business on February 20, 2013 or updated on Central Depository System as per CDC regulations, will be treated in time to establish the entitlement of 10% Interim Cash Dividend.

Declaration and Notice of Book Closure

Dividend

The Board of Directors has decided to approve the payment of an interim cash dividend for the half year ended December 31, 2012 at Rs. 1.00 per share that is 10%.

Book Closure

The Share Transfer Books of the Company will remain closed from February 21, 2013 to February 28, 2013 (both days inclusive), Transfers received in order at the offices of our Shares Registrar M/s CDC Pakistan Limited CDC House, 99-B. Block B. S.M.CH.S. Shahrah-e-Faisal, Karachi by the close of business on February 20, 2013 or updated on Central Depository System as per CDC regulations, will be treated in time to establish the entitlement of 10% Interim Cash Dividend.

For more information, contact:
Neelofar Hameed
Company Secretary
International Industries Limited
101 Beaumont Plaza, 10 Beaumont Road,
Karachi-75530 Pakistan
Phone: (92 21)111 019 019
Fax; (92 21) 3568 0373
E-mail: inquiries@iil.com.pk
Website: www.iil.com.pk