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