Latif Jute Mills Limited’s financial results for the quarter ended March 31, 2013

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Karachi, April 17, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Thursday 18th April, 2013 at 12:00 noon at City office 18/3, G/F, Mehran VIP Complex, Dr. Daud Pota Road, Near Cantt Station, Karachi recommended the following:

(i) Cash Dividend

An Interim Cash Dividend for the Quarter ended March 31, 2013 at Rs. Nil per share i.e. Nil%. This is in addition to Interim Dividend (s) already paid at Rs. Nil per share i.e. Nil%.

AND/OR

(ii) Bonus Shares

It has been recommended by the Board of Directors to issue Bonus Shares in proportion of Nil share(s) for every Nil share(s) held i.e. Nil%. This is in addition to the Interim Bonus Shares already issued @Nil%.

AND/OR

(iii) Right Shares

The Board has recommended to issue Nil% Right Shares at par / at a discount/ premium of Rs. Nil per share in proportion of Nil share(s) for every nil share(s). The entitlement of Right Shares being declared simultaneously will be /will not be applicable on Bonus Shares as declared above.

AND/ OR

(iv) Any Other Entitlement / Corporate Action

AND/OR

(v) Any Other Price Sensitive Information

Profit and Loss Account for the Period Ended March 31, 2013

		Un-Audited		Un-Audited
		Audited		Audited
		Nine	Nine	3rd Quarter	3rd Quarter
		Months		Months
		31st	31st	31st	31st
		March	March	March	March
	Note	2013	2012	2013	2012
		Rupees	Rupees	Rupees	Rupees
Rental income	13	7,725,970	3,347,025	3,201,155	1,246,970
Administrative expense	14	(4,848,492)	(3,027,366)	(2,739,104)	(1,136,499)
Finance cost	15	(171,869)	(61,684)	(30,483)	(14,535)
		———	———	———	———
		(5,020,361)	(3,089,050)	(2,769,587)	(1,151,034)
		———	———	———	———
Gross Profit		2,705,609	257,975	431,568	95,936
Other income		531,179	5,062	137,424	–
		———	———	———	———
Profit before taxation		3,236,788	263,037	568,992	95,936
Taxation	16	(737,597)	(167,351)	(320,115)	(62,349)
		———	———	———	———
Profit after taxation		2,499,191	95,686	248,877	33,587
		———	———	———	———
Earnings per share
Basic and diluted	17	0.71	0.03	0.07	0.01

The financial results of the company are enclosed.

The above entitlement will be paid to the shareholders whose name will appear in the Register of Members on —– the share Transfer Books of the Company will be closed from — to (both days inclusive). Transfers received at the City Office 18/3, G/F, Mehran VIP Complex. Dr. Daud Pota Road, Near Cantt Station, Karachi at the close of business on —– will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Director Manager
Latif Jute Mills Limited
18/3, G/F, Mehran VIP Complex II,
DR. Dawood Pota Road,
Near Cantt, Station, Karachi.
Tel: 35220383 – 35220386,
Fax: 35623775
E-Mail: bawanypk@gmail.com