Ibrahim Fibres Limited’s financial results for the year ended 30-06-2011

Karachi: We have to inform you that the Board of Directors of the company in their meeting held on 28-09-2011 at 04:00 P.M. at I, Ahmed Block, New Gordon Town, Lahore has approved the financial results of the company.

(1) Cash Dividend

A final Cash Dividend for the year ended 30-06-2011 at Rs 3 per share i.e. 30%

 

(2)Bonus SharesNil
(3)Right SharesNil
(4)Any Other Entitlement/Corporate ActionNil
(5)Any Other Price Sensitive InformationNil

 

The financial results of the Company are as follows:-

 

For the year

Ended

June 30, 2011

For the year

Ended

June 30, 2010

Rupees

Rupees

Sales37,300,680,07827,123,868,602
Cost of goods sold34,177,382,73824,374,579,289
 ————–————–
Gross profit3,123,297,3402,749,289,313
Selling and distribution expenses152,781,541158,860,859
Administrative expanses577,500,576501,916,251
Other operating expenses113,699,275 113,546,299
Finance cost828,974,5331,262,092,608
————– ————–
1,672,955,9252,036,416,017
————–————–
1,450,341,415712,873,296
Other operating income199,696,578201,242,257
————–————–
1,650,037,993914,115,553
Share of profit associate-net3,224,500,000 2,979,689,000
 ————– ————–
Profit before taxation4,874,537,9933,893,804,553
Provision for taxation722,718,801533,691,344
  ————–————–
Profit for the year4,151,819,1923,360,113,209
 ————– ————–
Earnings per share- Basic and diluted13.3710.82

 

The Annual General Meeting of the Company will be held on 26-10-2011 at 11:00 AM at Avari Hotel, Shahrah-e-Quaid-e-Azan, Lahore.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 18-10-2011.

The Share Transfer Books of the company will be closed from 19-10-2011 to 26-10-2011 (both days inclusive). Transfers received at M/s Technology Trade (Pvt.) Limited. Dagia House, 241 C, Block-2, PECHS, Off: Shahrah-e-Quaideen, Karachi at the close of business on 18-10-2011 will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Ibrahim Fibres Limited
Ibrahim Centre, 11-B, Lala Zar
M.T. Khan Road, Karachi, Pakistan
Tel: 92 21 35611601
Fax: 92 21 35611609