Zephyr Textiles Limited’s financial results for the year ended June 30, 2012

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Karachi, October 8, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on October 05, 2012 at 03:30 PM at registered office located at 3rd Floor at 3rd Floor IEP Building, 97 B/D-1, Gulberg III, Lahore, recommended the following:

1. Cash Dividend

A Cash Dividend for the year coded June 30, 2012 at Rs. Nil i.e. NIL% has been recommended in BOD meeting. This is in addition to Interim Dividend already paid at Rs. Nil per share i.e. Nil%.

2. 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 issue @ Nil%.

Right Shares

3. 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.

4. Any Other Entitlement         Nil

The financial results of the Company are as follows:

	June 30, 2012	June 30, 2011
Sales	3,135,629,471	3,573,504,799
Cost of Sales	2,819,588,884	3,149,997,584
Gross Profit	316,040,587	423,507,215
Operating Expenses (Admin and Selling etc.)	124,027,440	96,745,455
Other Operating Income	42,963,748	13,674,589
Other operating expenses	3,515,356	8,578,387
Operating Profit	231,461,539	331,857,962
Finance Cost	196,080,169	217,026,636
Profit/ (Loss) before tax	35,381,370	114,831,326
Provision for tax	20,452,427	26,183,370
Profit/ (Loss) after tax	14,928,943	88,647,956
Un-appropriated profit brought forward	(192,134,103)	(302,633,449)
Dividend for the year ended June 2011	(8,656,298)	–
Current year incremental depreciation – net of tax	17,574,659	19,694,742
Transfer of Surplus on revaluation on disposal of assets	2,732,970	1,886,918
Un-appropriated Profit/ (Loss) carried forward	(165,553,829)	(192,134,103)
Earning per Share	0.25	1.49

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