Kohinoor Mills Limited’s financial results for the third quarter ended March 31, 2012

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Karachi: It is to inform that the Board of Directors of the Company in its meeting held on April 26, 2011, at 12:00 Noon at 8th Kilometer Manga Raiwind Road, District Kasur, recommended the following:-

i. Cash Dividend:                                    Nil

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 (Unconsolidated and Consolidated) for the third quarter ended March 31, 2011 are enclosed. The Exchange will receive 300 copies of the printed accounts for distribution amongst the members in due course.

Unconsolidated Condensed Interim Profit and Loss Account (Un-audited) for the Nine Months Ended 31 March 2012

		Nine Months Ended		Quarter Ended
		31 March	31 March	31 March	31 March
		2012	2011	2012	2011
	Notes	Rupees	Rupees	Rupees	Rupees
Continuing Operations
Sales		4,155,553,753	3,792,367,521	1,479,417,694	1,102,826,963
Cost of Sales	11	(3,519,109,938)	(3,956,650,004)	(1,314,455,789)	(11,366,957,919)
		————-	————-	————-	————–
Gross Profit/ (Loss)		638,443,816	(164,282,484)	164,961,906	(284,130,967)
Distribution Cost		(247,861,630)	(211,817,696)	(72,517,891)	(57,539,754)
Administrative Expenses		(128,072,687)	(109,122,725)	(43,657,465)	(35,505,243)
Other Operating Expenses		(6,982,197)	(8,045,133)	(3,402,347)	(4,431,174)
		————-	————-	————-	————–
		382,916,514	328,985,554	112,773,009	97,476,171
		————-	————-	————-	————–
		253,527,302	(493,268,037)	52,188,897	(361,607,127)
Other Operating Income		42,217,764	132,773,704	15,050,747	123,291,832
		————-	————-	————-	————–
Profit / (Loss) from Operations		295,745,066	(380,494,334)	67,239,643	(238,315,296)
Finance Cost		(246,204,472)	(426,044,573)	(88,992,763)	(147,988,532)
		————-	————-	————-	————–
Profit/ (Loss) before Taxation		49,540,594	(786,538,907)	(19,753,120)	(386,283,828)
Provision for Taxation		(38,581,303)	(37,209,864)	(14,662,782)	(10,304,325)
		————-	————-	————-	————–
Profit / (Loss) after Taxation from Continuing Operation		10,959,291	(823,748,771)	(34,415,902)	(396,588,153)
Discontinued Operations:
Loss after Taxation from Discontinued Operations		–	(424,320,259)	–	(73,451,172)
		————-	————-	————-	————–
Profit / (Loss) for the Period		10,959,291	(1,248,069,030)	(34,415,902)	(470,039,325)
		————-	————-	————-	————–
Earnings / (Loss) Per Share – Basic and Diluted
– Continuing Operations		0.22	(16.18)	(0.68)	(7.79)
		————-	————-	————-	————–
– Discontinuing Operations		–	(8.33)	–	(1.44)

For more information, Contact:
Muhammad Rizwan Khan
Company Secretary
Kohinoor Mills Limited
8th K.M. Manga Raiwind Road,
District Kasur,
Tel: + 92-42-36369340
UAN: + 92-42-111-941-941
Cell: + 92-333-4998801-8
Fax: + 92-42-35391946
National Tax Number: 0658184-6
Web: www.kohinoormills.com
Email: info@kohinoormills.com