Masood Textile Mills Limited’s financial results for the first quarter ended 30.09.2012

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Karachi, October 30, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on Tuesday, 30th October, 2012 at 11.00 a.m. recommended the following:

(i) Cash Dividend                                         (Nil)

And/ Or

(ii) Bonus Shares                                         (Nil)

And/ Or

(iii) Right Shares                                        (Nil)

And/ Or

(iv) Any Other Entitlement/ Corporate Action              (Nil)

And/ Or

(v) Any Other Price-Sensitive Information                 (Nil)

The financial results of the Company are enclosed.

Condensed Interim Profit and Loss Account for the 1st Quarter Ended 30 September 2012 (Un-Audited)

	30 Sep	30 Sep
	2012	2011
	(Rupees in Thousand)
Sales	5,668,156	4,725,524
Cost of Sales	(4,770,525)	(4,042,065)
	———	———
Gross Profit	897,631	683,459
Distribution Cost	(329,627)	(201,465)
Administrative Expenses	(86,372)	(76,162)
Other Operating Expenses	(11,881)	(8,046)
	———	———
	(427,880)	(285,673)
	———	———
	469,751	397,786
Other Operating Income	17,493	8,381
	———	———
Profit from Operations	487,244	406,167
Finance Cost	(269,615)	(266,423)
	———	———
Profit before Taxation	217,629	149,744
Taxation	(47,266)	(46,403)
	———	———
Profit after Taxation	170,363	104,341
	———	———
Earnings per Share-Basic  (Rupees)	2.84	1.74
	———	———
-Diluted   (Rupees)	2.20	1.21

For more information, contact:
Abdul Bari Haqqani
Company Secretary
Masood Textile Mills Limited
Regd. Office: Universal House,
West Canal Road, Farooqabad,
Faisalabad.
Phone: 8734910-12
Fax: 92-41-8731180