Rafhan Maize Products Company Limited’s financial results for the half year and quarter ended June 30, 2012

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Karachi, July 20, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in its meeting held on Thursday, July 19, 2012 at 09:10 p.m. at Hamburg Marriott Hotel, ABC Strasse 52, Hamburg, 20354, Germany has recommended the following;

Cash Dividend

An Interim Cash Dividend for the half year and quarter ended June 30, 2012 at Rs.25/- per share i.e. 250% This dividend is in addition cc first Interim Dividend already paid @ Rs. 25/- per Share i.e. 250%.

The financial results of the Company for the half year and quarter ended June 30, 2012 have been considered by the Board of Directors as recommended by the Audit Committee and approved the same Financial Results are attached at Annexure-I.

The Interim Dividend Will be paid to the shareholders whose names appear on the Register of Members on August 13, 2012.

The Shares Transfer Book of the Company will remain closed from August 6 to August 13, 20l2 (both days inclusive) Transfers dispatched by August 12, 2012 to our Share Registrar M/s FAMCO Associates (Pvt.) Ltd , 1st Floor, State Life Budding, I-A, I.I. Chundrigar Road, Karachi-74000 and received during the bock closure period will be created in time for the purpose of payment of Interim Dividend to the transferees.

Financial Results for the Half Year and Quarter ended June 30, 2012

	3 months ended June 30		6 months ended June 30
	2012	2011	2012	2011
	Rupees in thousands
Sales – Net	4,902,129	4,795,255	9,470,064	9,529,862
Cost of sales	3,856,745	3,931,075	7,555,361	7,699,558
	———–	———–	————	————
Gross profit	1,045,384	864,180	1,914,713	1,830,324
Distribution cost	83,300	36,080	142,742	72,418
Administrative expenses	74,959	62,177	146,423	122,610
	———–	———–	————	————
	158,259	98,257	289,165	195,028
	———–	———–	————	————
Operating Profit	887,125	765,923	1,825,548	1,535,296
Other Operating Income	24,596	17,433	59,654	31,642
	———–	———–	————	————
	911,720	783,356	1,685,202	1,666,938
Finance Cost	6,061	2,104	32,825	8,263
Other Operating Expenses	62,673	54,541	114,038	114,939
	———–	———–	————	————
	68,734	56,645	140,863	123,202
	———–	———–	————	————
Profit before taxation	842,986	726,711	1,538,339	1,543,736
Taxation	306,880	265,000	551,739	559,756
	———–	———–	————	————
Profit after taxation	536,106	461,711	986,600	983,980
	———–	———–	————	————
Earning per shares- basic and diluted (Rupees)	58.04	49.99	106.82	106.53

For more information, Contact:
Ansar Yahya
Chief Executive and
Managing Director
Rafhan Maize Products Company Limited
Rakh Canal East Road, P.O. Box 62,
Faisalabad-38060 -Pakistan
Tel: (041) 8540121-23
Fax: (041) 8711016, 8502197