AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, February 01, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their Meeting held on Thursday, January 31, 2013 at 3:00 PM at 42-Lawrence Road, Lahore, the Registered Office of the Company, recommended the following:-
(i) Cash Dividend Nil
(ii) Bonus/ Right Shares Nil
(iii) Any Other Entitlement/ Corporate Action Nil
(iv) Any Other Price-Sensitive Information Nil
The un-consolidated (un-audited) financial results of the Company are as follows: –
|
Half Year Ended |
Quarter Ended |
|||
|
31 December |
31 December |
31 December |
31 December |
|
|
2012 |
2011 |
2012 |
2011 |
|
|
(Rupees in thousand) |
||||
| Sales |
7,050,118 |
5,097,696 |
3,705,464 |
2,879,384 |
| Cost of Sales |
(3,843,594) |
(4,352,577) |
(2,021,112) |
(2,470,280) |
|
——— |
——— |
——— |
——— |
|
| Gross Profit |
1,206,524 |
745,139 |
674,349 |
409,104 |
| Distribution Cost |
(202,468) |
(197,621) |
(105,735) |
(100,170) |
| Administrative Expenses |
(123,201) |
(96,351) |
(68,008) |
(50,858) |
| Other Operating Expenses |
(28,421) |
(1,590) |
(28,190) |
(1,356) |
|
——— |
——— |
——— |
——— |
|
|
(354,090) |
(295,562) |
(201,933) |
(152,384) |
|
|
——— |
——— |
——— |
——— |
|
|
852,434 |
449,577 |
472,416 |
256,720 |
|
| Other Operating Income |
28,929 |
34,275 |
15,982 |
14,410 |
|
——— |
——— |
——— |
——— |
|
| Profit from Operations |
881,363 |
483,852 |
488,398 |
271,130 |
| Finance Cost |
(350,307) |
(462,579) |
(164,332) |
(227,553) |
|
——— |
——— |
——— |
——— |
|
| Profit before Taxation |
531,056 |
21,273 |
324,066 |
43,577 |
| Taxation | ||||
| – Current |
(51,717) |
(51,004) |
(32,365) |
(22,791) |
| – Deterred |
(89,311) |
(34,343) |
(89,311) |
(34,343) |
|
——— |
——— |
——— |
——— |
|
|
(141,028) |
(85,347) |
(121,676) |
(63,134) |
|
|
——— |
——— |
——— |
——— |
|
| Profit/ (Loss) after Taxation |
390,028 |
(64,074) |
202,390 |
(19,557) |
|
——— |
——— |
——— |
——— |
|
| Earnings/ (Loss) per Share-Basic and | ||||
| Diluted (Rupees) |
1.59 |
(0.26) |
0.82 |
(0.08) |
The consolidated (un-audited) financial results of the Company are as follows: –
|
Half Year Ended |
Quarter Ended |
|||
|
31 December |
31 December |
31 December |
31 December |
|
|
2012 |
2011 |
2012 |
2011 |
|
|
(Rupees in thousand) |
||||
| Sales |
15,224,984 |
12,118,438 |
8,072,648 |
6,544,012 |
| Cost of Sales |
(11,096,738) |
(9,790,401) |
(5,692,665) |
(5,221,782) |
|
———- |
———- |
——— |
——— |
|
| Gross Profit |
4,128,246 |
2,328,037 |
2,379,983 |
1,322,230 |
| Distribution Cost |
(585,982) |
(627,333) |
(303,075) |
(292,852) |
| Administrative Expenses |
(238,501) |
(205,449) |
(130,144) |
(113,530) |
| Other Operating Expenses |
(84,829) |
(38,939) |
(83,878) |
(28,271) |
|
———- |
———- |
——— |
——— |
|
|
(909,312) |
(871,721) |
(517,097) |
(434,653) |
|
|
———- |
———- |
——— |
——— |
|
|
3,218,934 |
1,456,316 |
1,862,886 |
887,577 |
|
| Other Operating Income |
38,934 |
953,350 |
25,510 |
10,012 |
|
———- |
———- |
——— |
——— |
|
| Profit from Operations |
3,257,868 |
2,409,466 |
1,888,396 |
897,589 |
| Finance Cost |
(1,271,137) |
(1,683,464) |
(575,578) |
(838,107) |
|
———- |
———- |
——— |
——— |
|
| Profit before Taxation |
1,986,731 |
726,202 |
1,312,818 |
59,482 |
| Taxation | ||||
| – Current |
(32,014) |
(121,720) |
6,501 |
(65,695) |
| – Deferred |
(89,311) |
17,969 |
(89,311) |
(7,858) |
|
———- |
———- |
——— |
——— |
|
|
(121,325) |
(103,751) |
(82,810) |
(73,553) |
|
|
———- |
———- |
——— |
——— |
|
| Profit/ (Loss) after Taxation |
1,865,406 |
622,451 |
1,230,008 |
(14,071) |
|
———- |
———- |
——— |
——— |
|
| Share of Profit/ (Loss) Attributable To: | ||||
| Equity Holders of Holding Company |
1,340,774 |
550,302 |
872,704 |
(24,422) |
| Non Controlling Interest | ||||
| Dividend on Preference Shares |
1,353 |
26,345 |
(11,629) |
13,165 |
| Share in Profit/ (Loss) for the Period |
523,279 |
45,804 |
368,933 |
(2,814) |
|
———- |
———- |
——— |
——— |
|
|
524,632 |
72,149 |
357,304 |
10,351 |
|
|
———- |
———- |
——— |
——— |
|
| Profit/ (Loss) after Taxation and Non- | ||||
| Controlling Interest |
1,865,406 |
622,451 |
1,230,008 |
(14,071) |
|
———- |
———- |
——— |
——— |
|
| Earnings/ (Loss) per Share-Basic and | ||||
| Diluted (Rupees) |
7.60 |
2.54 |
5.01 |
(0.06) |
For more information, contact:
Muhammad Ashraf
Company Secretary
Kohinoor Textile Mills Limited
42-Lawrance Road, Lahore Pakistan
Ph: 36302261, 36302262
Fax: 92-42-3636871