Zephyr Textiles Limited’s financial results for the half year ended December 31, 2012

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Karachi, February 25, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on February 23,20123 at 03:00 PM at registered office located at 3rd Floor IEP Building, 97 B/D-I, Gulberg III, Lahore recommended  the following:

i. CASH DIVIDEND

An Interim Cash Dividend for the half year ended December 31, 2012 at Rs. Nil per share i.e. Nil%. This is in addition to Interim Dividend 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 share for every Nil share 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 for every Nil share. 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             Nil

The financial results of the Company are as follows:

Description	December 31,	December 31,	Oct-Dec	Oct-Dec
	212	2011	2012	2011
	Rupees	Rupees	Rupees	Rupees
	(Reviewed)	(Reviewed)	(Un-audited)	(Un-audited)
Sales	1,744,325,098	1,447,329,573	875,556,500	728,552,004
Cost of Sales	1,612,085,994	1,297,175,718	815,639,814	648,598,693
Gross Profit	132,239,104	150,153,855	59,916,686	79,953,311
Operating Expenses (Admin and Selling etc.)	54,787,293	47,488,151	28,381,552	27,928,303
Other operating Income/ (Loss)	4,671,494	34,900,713	2,877,442	31,947,192
Other operating expenses	1,916,997	3,131,073	1,159,670	2,665,104
Operating Profit	80,206,308	134,435,344	33,252,907	81,307,096
Financial and Other charges	57,408,553	87,333,810	20,952,707	40,512,317
Profit/ (Loss) before tax	22,797,755	47,101,534	12,300,199	40,794,780
Provision for tax	(4,447,000)	(9,669,530)	(2,229,552)	(4,912,498)
Profit/(Loss) after tax	18,350,755	37,432,004	10,070,647	35,882,282
Un-appropriated loss brought forward	(165,553,829)	(192,134,103)	(153,318,420)	(194,799,994)
Current period incremental depreciation
-net of tax	7,910,603	9,979,584	3,955,301	5,538,799
Final dividend for the year ended 30-
06-2011	0	(8,656,298)	0	0
Un-appropriated profit/ (loss) carried
Forward	(139,292,471)	(153,378,813)	(139,292,471)	(153,378,813)
Earning per share	0.31	0.63	0.17	0.60

v. Other Information

Nil

For more information, contact:
Naveed Aleem
Company Secretary
Zephyr Textiles Limited
3rd Floor, IEP Building, 97-B/D-1,
Gulberg III, Lahore, Pakistan
Tel: + 92 (42) 35782905
Fax: + 92 (42) 35753202,
E-mail: info@zephyr.com.pk