Ashfaq Textile Mills Limited’s financial result for the quarter ended Sep, 30, 2012

Karachi, October 30, 2012 (PPI-OT): We have to confirm you that the Board of Directors of our company in their meeting held on Tuesday, October 30, 2012 at 09 a.m. at Registered Office, 17 k.m. Jaranwala Road, Faisalabad, recommended the following:

1. Cash Dividend

An interim Cash Dividend for the quarter ended Nil @ Nil Per share i.e. Nil %.

2. Bonus Issue

It has been recommended by the Board of Directors to issue interim Bonus Shares in proportion of Nil shares for every Nil shares held i.e. Nil %.

3. Right Shares

The Board has also recommended to issue Nil % Right Shares at par/at a premium of Rs. Nil per share in proportion of Nil share for every Nil shares subject to the consent of the Controller of Capital Issues.

4. Any Other Entitlement

The financial results of the Company are as follows:

Sep, 30, 2012

Sep, 30, 2011

Note

Rupees

Rupees

Sales

197,644,636

277,983,482

Cost of goods sold

7

160,681,925

240,916,698

———–

———–

Gross Profit

36,962,711

37,066,784

Distribution Cost

9,012,668

11,819,188

Administrative Expenses

6,436,102

5,620,570

Other Operating Expenses

869,180

797,552

Financial Cost

4,130,330

3,675,987

———–

———–

20,448,280

21,913,297

———–

———–

Profit before Taxation

16,514,431

15,153,487

Provision for Taxation

1,903,699

2,763,818

———–

———–

Profit for the period

14,610,732

12,389,669

———–

———–

Earning per share-Basic

2.09

1.77

It is requested that the said information may please be circulated to the member of the exchange.

For more information, contact:
Waseem Ashfaq
Director
Ashfaq Textile Mills Limited
8-A, Office Colony No. 1,
Susan Road, Madina Town,
Faisalabad, Pakistan
Tel: +92-41-8740101/3
Fax: +92-41-8740106
E-mail: info@ashfaqtextile.com
Web: www.ashfaqtextile.com