Liberty Mills Limited’s financial results for the quarter ended 30th September 2012

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Karachi, October 31, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on October 31, 2012, at 11:30 AM at A/51-A, S.I.T.E., Karachi, recommended the following:

The Board of Directors of our Company considered and approved the Un-audited Accounts for the First Quarterly Ended September 30, 2012. The Board of Directors did not recommend any Interim Cash Dividend I Bonus & Right Shares.

The Financial Result of the Company is attached herewith.

(i) Cash Dividend

An interim Cash Dividend for the quarter ended NIL 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 Interim Bonus shares in proportion of NIL shares(s) for every NIL shares(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 shares(s) for every NIL share(s). The entitlement of right shares being declared, simultaneously will be/will not be applicable on Bonus Shares declared above.

Condensed Interim Profit and Loss Account (Unaudited) For the First Quarter Ended September 30, 2012

		1st Quarter	1st Quarter
		ended	ended
		September 30,	September 30,
		2012	2011
	NOTE	PKR 000	PKR 000
Sales and services	9	2,405,675	2,346,177
Cost of sales and services	10	(2,087,779)	(2,098,679)
		————	————-
Gross profit		317,896	247,497
Distribution cost		(52,470)	(43,406)
Administrative expenses		(69,148)	(49,969)
Other operating expenses		(17,455)	(6,541)
		————	————-
		(139,073)	(99,915)
		————	————-
		178,823	147,582
Other operating income		7,317	33,559
Income from investment property		1,423	1,419
		————	————-
Operating profit		187,563	182,560
Finance cost		(78,366)	(94,298)
		————	————-
Profit before taxation		109,197	88,262
Provision of Income tax		(25,693)	(16,129)
		————	————-
Profit after taxation		83,504	72,133
		————	————-
Earning per share – basic and diluted (PKR)		3.62	3.12

For more information, contact:
Muhammad Iqbal Haroon
Company Secretary
Liberty Mills Limited
Mills: A/51 – A, S.I.T.E.,
Karachi – 75700 (Pakistan)
Tel: 92-21-32578103 (14 Lines)
Fax: (92-21) 32561050