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Zephyr Textiles Limited’s financial results for the quarter ended September 30, 2012

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 30, 2012 at 11:30 AM 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 three months ended September 30, 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:

July-September 2012

July-September 2011

Rupees

Rupees

(Un-Audited)

(Un-Audited)

Sales

868,768,598

718,777,569

Cost of Sales

796,446,180

648,577,126

Gross Profit

72,322,419

70,200,443

Operating Expenses (Admin and Selling etc.)

26,405,741

19,559,848

Other operating Income/ (Loss)

1,794,052

2,953,521

Other operating expenses

757,327

465,969

Operating Profit

46,953,403

53,128,147

Financial and other charges

36,455,846

46,821,493

Profit/ (Loss) before tax

10,497,557

6,306,654

Taxation

2,217,448

4,757,032

Profit/ (Loss) after tax

8,280,108

1,549,622

Un-appropriated Profit/ (Loss) brought forward

(165,553,829)

(192,134,103)

Current year incremental depreciation-net of tax

3,955,301

4,440,785

Appropriation for Final Dividend-June2011

Nil

8,636,298

Un-appropriated profit/ (loss) carried forward

(153,318,420)

(194,799,994)

Earning per share

0.14

0.03

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

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